Reform of Social Pension System on Experiment Next Year

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Friday, August 25, 2000, updated at 16:26(GMT+8)

Life

Reform of Social Pension System on Experiment Next Year

The exploration of setting up a new social pension fund regulatory system has been started up. Related laws and regulations are being studied to further regulate sectors that take part in the social pension fund management in a bid to protect the interests of the nation and employees.

According to the requirements of the State Council, the social pension system reform will be put into experiment next year and will be actually launched two years later. It is not clear if some sensitive issues including market operation of the social pension fund will be included in the experimental plan.


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	The exploration of setting up a new social pension fund regulatory system has been started up. Related laws and regulations are being studied to further regulate sectors that take part in the social pension fund management in a bid to protect the interests of the nation and employees.




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