This is an interesting thesis as far as working-age population. What would be the natural extension of this concept of a welfare system for those who are older and retired? This will be particularly important to Chinese society as the 65+ popoulation grows significantly over the next decades and family size continues to decline.
I just added some data to clarify the gap, according to the official release of Yingtan in Jiangxi Province in Jan 2023. The Social Security Department paid 69 million yuan monthly for 13600 retired officials and public sector workers, 178 million for 75500 retired private sector workers, and only 28.5 million for other residents (mostly farmers and migrant workers). On average, 5080 yuan/month for each official or SOE worker, 2368 yuan/month for private sector workers, and rural area residents only have 200. Guess which one needs gov to pay more
This article is more about setting up a theoretical base for increasing benefits for the elderly population; my understanding is it really depends. There's already a huge gap between private sector and public sector workers. Civil servants and people working for the system (we call "体制内") workers are already well paid; increasing their pensions is just another way to waste financial resources. At the same time, there's a huge number of people like migrant workers, didn't get the chance to pay for social security or so, get little or almost no pensions. There's no doubt the country should pay to provide basic social security for these people.
This is an interesting thesis as far as working-age population. What would be the natural extension of this concept of a welfare system for those who are older and retired? This will be particularly important to Chinese society as the 65+ popoulation grows significantly over the next decades and family size continues to decline.
I just added some data to clarify the gap, according to the official release of Yingtan in Jiangxi Province in Jan 2023. The Social Security Department paid 69 million yuan monthly for 13600 retired officials and public sector workers, 178 million for 75500 retired private sector workers, and only 28.5 million for other residents (mostly farmers and migrant workers). On average, 5080 yuan/month for each official or SOE worker, 2368 yuan/month for private sector workers, and rural area residents only have 200. Guess which one needs gov to pay more
This article is more about setting up a theoretical base for increasing benefits for the elderly population; my understanding is it really depends. There's already a huge gap between private sector and public sector workers. Civil servants and people working for the system (we call "体制内") workers are already well paid; increasing their pensions is just another way to waste financial resources. At the same time, there's a huge number of people like migrant workers, didn't get the chance to pay for social security or so, get little or almost no pensions. There's no doubt the country should pay to provide basic social security for these people.