Some 806.6 million people have joined the pension system on the Chinese mainland as of September, according to the statistics released by the Ministry of Human Resources and Social Security on Friday.
The first nine months saw about 2.32 trillion yuan ($381 billion) contributed to social insurance funds, a year-on-year rise of 13.7 percent, Yin Chengji, spokesman for the Ministry of Human Resources and Social Security, told a news conference in Beijing.
Meanwhile, spending on social insurance reached 1.92 trillion yuan, a year-on-year growth of 20.6 percent, he said.
Higher retirement age may help solve pension problem
2013-10-23House-for-pension swap debated
2013-10-12Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.