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广播听力:New Unified Pension System Introduced in China

Source: CRI    2015-01-16  我要投稿   论坛   Favorite  

The new scheme is requiring government and public institution employees to hand over 8-percent of their monthly salaries to their pension.

Their employers have to add 20-percent of an employee's monthly salary into the pot.

The changes affect around 40 million people working in Chinese government agencies and public institutions.

Jin Weigang with the Ministry of Human Resources and Social Security says the changes are meant to make pubic-sector pensions more equitable with private ones.

"Currently, we have different mechanisms for the pension system, so there exist differences in treatments, especially in government agencies. Their employees don't have to pay for the pension, but they enj