Fri, December 13, 2024
[ Fri, Dec 13th 2024 ]: MarketWatch
Fed's review of KeyCorp deal signals lighter touch on bank mergers by central bank
[ Fri, Dec 13th 2024 ]: Fortune
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[ Fri, Dec 13th 2024 ]: Kiplinger
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[ Fri, Dec 13th 2024 ]: The Nassau Guardian
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[ Fri, Dec 13th 2024 ]: The New York Times
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[ Fri, Dec 13th 2024 ]: Forbes
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[ Fri, Dec 13th 2024 ]: Delaware County Daily Times
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[ Fri, Dec 13th 2024 ]: Independent.ie
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[ Fri, Dec 13th 2024 ]: The New York Times
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[ Fri, Dec 13th 2024 ]: China Briefing
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[ Fri, Dec 13th 2024 ]: The New Zealand Herald
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[ Fri, Dec 13th 2024 ]: Reuters
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[ Fri, Dec 13th 2024 ]: Business Standard
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[ Fri, Dec 13th 2024 ]: MSN
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China Expands Private Pension Scheme Nationwide Following Two-Year Pilot Program

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After a two-year pilot program, China has officially expanded its private pension scheme nationwide. Starting December 15, 2024, workers covered by urban employee basic pension insurance or urban-rural resident basic pension insurance across the country can participate in this supplementary pension scheme.
The article from China Briefing discusses the expansion of China's private pension scheme nationwide, following a successful pilot program in 36 cities. Launched in 2022, this initiative allows individuals to contribute up to 12,000 RMB annually into personal pension accounts, aiming to supplement the basic state pension system amidst an aging population and increasing life expectancy. The scheme is designed to encourage personal savings for retirement, with tax incentives for contributions, and includes investment options like financial products, wealth management, and insurance. The expansion seeks to address the financial security of retirees by promoting a multi-pillar pension system, combining state, enterprise, and individual contributions. The article also highlights the government's efforts to refine the pension system, including raising the retirement age and improving the management of pension funds to ensure sustainability.

Read the Full China Briefing Article at:
[ https://www.china-briefing.com/news/private-pension-scheme-expands-nationwide-in-china/ ]