Social insurance system covers 6% more Chinese each year
BEIJING, Sept. 24 (Xinhua) -- China's social insurance system
covers 6 percent more Chinese annually in recent years, said
Tian Chengping, the Minister of Labor and Social Security here
Saturday.
China has basically formed the framework of its social security
system, said Tian at the first annual meeting of the China
Social Security Forum.
By 2005, China had accumulated 606.6 billion yuan (75.8 billion
U.S. dollars) of social insurance funds for basic pension,
unemployment, employment injury, maternity and basic medical
insurance, with an annual income growth of 20 percent in recent
years, said Tian.
Tian said the national social security fund has added up
to more than 200 billion yuan.
From 1998 to 2005, more than 24 million laid-off workers
from state-owned enterprises benefited from basic living allowances,
while over 19 million were reemployed, said Tian.
In that period, 160 million more retired workers were included
in the basic pension insurance system, with 252.8 billion yuan
of pension granted, said Tian. Enditem |
