China to launch a new social pension scheme

09:03, June 03, 2011      

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Residents take out endowment insurance at a social insurance center in Linyi, east China's Shandong Province, June 2, 2011. China will launch a new social pension scheme on a trial basis as from July 1, 2011, the State Council announced on Wednesday. The pension program, which will help create full coverage for China's social pension system, is to be implemented in 60 percent of China's cities and townships by the end of 2011 before being introduced nationwide next year, the country's cabinet added. (Xinhua/Zhang Chunlei)

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Source: Xinhua

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