Abstract
This article studies the formation and reform of China’s pension system with special attention paid to the basic pension system for urban enterprise employees, government and public agency employees and urban and rural residents. Reviewing the historical development of China’s basic pension system after the 1950s, the article examines the current reforms and discusses the major concerns and challenges in detail. Finally, general assessment and policy options have been recommended to guide policymakers and to advance further social security research.
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