As of the end of April 2013, China, through a pension plan population already paid these funds to 486 million citizens. Data was released by the Ministry of Human Resources and Social Security as news Xinhua on Saturday (05/25/2013).

Retied man in China

As of the end of April 2013, China, through a pension plan population already paid these funds to 486 million citizens. Data was released by the Ministry of Human Resources and Social Security as news Xinhua on Saturday (05/25/2013).

According to Deputy Director of the Ministry Liu Conglong, until now 133 million Chinese citizens who are elderly get their pensions once a month. "We always plan to fix it," he said.

China made significant steps to reorganize the pension plan and social safety nets. The reform began in 2009. In 2011, the program was extended to the citizens of commuters who work in the big cities. "This expansion to ensure all citizens affordable pension system," he said.

For commuters citizens group, the Chinese government policy support. One of them, the Chinese government's measures to raise the percentage of retirement income by local standards. In the State of the Great Wall, the minimum age is 60 years old pensioners.

Pension payment system was divided into two. The government pays the full basic pension insurance. Meanwhile, the concerned citizens pay their pension funds through personal retirement accounts.