Old age pension reform in China's state-owned enterprises

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Abstract

The old-age pension scheme in China's state-owned enterprises (SOEs) is experiencing a difficult transition period; in the past, SOEs were responsible for providing retirees with pension benefits. However, in the 1980s and 1990s, the financial position of SOEs deteriorated, making it difficult for them to honor their social welfare commitments. The background of the current pension crisis is examined, and recent attempts to improve the funding of pensions in China's state-owned sector are reviewed, focusing on the period since the State Council issued its “Decision on the Establishment of Unified Pension Insurance” in 1997. The article concludes with a review of priorities for further reform.

Original languageEnglish
Pages (from-to)69-85
Number of pages17
JournalJournal of Aging & Social Policy
Volume11
Issue number4
DOIs
Publication statusPublished - 28 Sep 2000

Keywords

  • China
  • Pensions
  • State-owned enterprises

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