China: New voluntary personal pension system announced
wtwco.com (19.05.2022) Trial private retirement savings system to be rolled out in select cities in China in an effort to support an aging population.
wtwco.com (19.05.2022) Trial private retirement savings system to be rolled out in select cities in China in an effort to support an aging population.
worldbank.org (10.02.2022) The COVID-19 pandemic exacerbated poverty and threatened livelihoods in Liberia. The need to respond to this challenge spurred the expansion and digitization of the government’s ongoing cash transfer program. The Liberia Social Safety Nets Project launched the government’s first-ever urban cash transfer program. It provided emergency cash transfers for close to 15,000 households living in vulnerable communities in the Greater Monrovia area, which had recorded the highest number of COVID-19 cases in Liberia.
Global Times (21.04.2022) China will soon start a new era of "private pensions" with the imminent implementation of a relevant mechanism, according to a report by the Shanghai Securities News published on Wednesday. The new mechanism, which is characterized by policy support from the government, voluntary participation and market-oriented operations, will be an important transformation of the current pension system that has a basic pension insurance and a corporate pension.
World Economic Forum (17.05.2022) China is a rapidly graying country with those aged 60 or above reaching 267 million or 18.9% of the total population, and this may rise to one-third of the population before 2050. Welfare reform must work in tandem with social policy so as to make active aging an integral part of economic growth, linking health to wealth and common prosperity. Healthcare, labour reskilling and gender parity are three areas of focus for domestic policy to solve the challenges of China’s aging population.
europeansting.com (06.05.2022) China’s plan to “gradually delay” the country’s legal retirement age has managed to unify a wide variety of people around a single sentiment: they don’t like it. As a country looking for ways to address the fact that it may not have enough workers paying into its pension system to support an ageing population, however, China is far from alone.
theconversation.com (26.04.2022) So low is Australia’s unemployment rate, the official count says there are now just 580,300 people unemployed – the least since 2009, when Australia’s population was one-sixth smaller than it is today. Compared to just before the start of the pandemic, 184,800 fewer Australians are now unemployed.
weforum.org (31.03.2022) All 13 Canadian provinces and territories have now signed up to the plan which will also create a national daycare system.
International Policy Centre for Inclusive Growth (IPC-IG) (March 2020) Children and adolescents are exposed to a multitude of risks, which have worsened due to the socio-economic repercussions of COVID-19. This emphasises the need to improve the protection of children and adolescents, who already faced greater poverty rates than other age groups before the crisis. This One Pager discusses universal cash transfers in Latin America and the Caribbean.
brookings.edu (03.05.2022) Pension systems around the world faced a “stress test” during the pandemic—what you might call the “pension pandemic paradox.” On the one hand, there was pressure to allow access to pension savings as emergency support during a period of sharp economic downturn. This was understandable, since for many people pension savings are their biggest financial asset. But, in some countries, this turned into unprecedented access beyond immediate emergency needs and put the pension savings system at risk.
GovInsider (April 2022) Yet, advancements in healthcare and sanitation standards are helping adults live longer than ever before. Taiwan, in particular, is estimated to become a super-aged society by 2025, with one in five being over 65 years old, said Dr Jenny Su Huey-Jen, President of the National Cheng Kung University (NCKU). To better support the seniors in its population, Taiwan is building a new geriatric hospital. Su shares how this hospital will better provide healthcare services to an ageing population.