More complete social security system urged in China

15:29, August 24, 2010      

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China has now initially formed a framework for a social security system, but weak links still remain, said Yin Weimin, minister of Human Resources and Social Security on the Fourth China Social Security Forum held in Beijing Monday.

A more complete and considerate social safety net is urged to ensure that all the Chinese people can access to the basic social security, Yin said.

Yin said that China the present social security system still has four blank spots or weak links.

First, there is no basic old-age security system for the urban unemployed seniors, and the problem became more obvious after the New Rural Endowment Insurance launched.

The retirement pension system that is still implemented in state organs and institutions is incompatible with the socialized social security system.

The lack of a smooth convergence mechanism among social security systems leaves barriers to change in the institutional transition from workers to citizens.

The supplementary social security system developed relatively slowly and cannot meet people's various and diverse needs.

Responding to these problems, Yin said that China should speed up improvements to the social security system.

By Zhao Chenyan, People's Daily Online


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