Extending social security coverage to the rural sector in China |
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| Authors: | Tianhong Chen John A. Turner |
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| Affiliation: | 1. Wuhan University, , Wuhan, China;2. Pension Policy Center, , Washington, United States |
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| Abstract: | In late 2009 China launched an innovative, voluntary programme that by 2011 had extended pension coverage to 326.4 million people in the rural sector, including contributors and beneficiaries. It requires one contribution per year and provides a flat‐rate benefit and a contributions‐related benefit through a contributory individual account, with a government guarantee that the benefit will continue for life. The programme encourages participation of persons who do not pay income taxes, and thus have no tax incentive to participate, by providing substantial government subsidies. As a further incentive, old‐age benefits are provided to older parents when all their adult children participate in the contributory programme. |
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| Keywords: | old age benefit gaps in coverage pension scheme social security financing China Mots clé s: prestations de vieillesse lacunes dans la couverture ré gime de pension financement de la sé curité sociale Chine Palabras clave: prestaciones de vejez vací os en la cobertura ré gimen de pension financiació n de la seguridad social China Schlü sselwö rter: Altersruhegeld Deckungslü cken Rentensystem Finanzierung der sozialen Sicherheit China |
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