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Pension Reform A Priority For 2023 - Yicai

CHINA PRESS
MNI (BEIJING)

China will introduce further reforms this year to boost national pension planning, raise pension levels and expand the inclusivity of pensions, according to Yicai.com. The news outlet said as the "baby boom" generation nears retirement age, pension payment pressure will increase, and reforms were needed to improve the level of basic pensions for retirees. Efforts will be made to expand the scope of pension schemes for migrant workers, flexible employees and people working in new business models. Beijing needs to actively respond to issues related to the aging of the population, including elderly care services and medical treatment that is currently insufficient, the news outlet said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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