摘要
Pension fund system is being r estructured to address massive shortfalls Central fiscal input for pension funds reached an all-time high in 2005, topping 50 billion yuan ($6.19 billion), or more than 10 times that of five years ago. This is according to Liu Yongfu, Vice Minister of Labor and Social Security, speaking at a press conference held by the State Council Information Office on December 15, 2005. Pension subsidies in the past five years have amounted to 209.3 billion yuan ($25.9 billion), equal t...
