China is expediting the creation of a commercial pension insurance. The government has also been trying to encourage more people to work longer. The insurance will complement the existing social pension system, offer services for the elderly and augment financial security and economic expansion.
China is expediting the creation of a commercial pension insurance. The government aims to create a regulated system by 2020, offering help to individuals, families, and employees. The insurance will complement the existing social pension system, offer services for the elderly and augment financial security and economic expansion.