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Centre for Policy on Ageing | |
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| Do notional defined contribution accounts make sense as part of the old-age security mix for China? | | Author(s) | John B Williamson, Ce Shen |
| Journal title | Journal of Aging & Social Policy, vol 16, no 4, 2004 |
| Pages | pp 39-58 |
| Source | http://www.tandfonline.com |
| Keywords | Pensions ; Social security [generally] ; Social policy ; China. |
| Annotation | Until quite recently, the Chinese pension system was an enterprise-based, pay-as-you-go, defined benefit scheme. In 1995, the decision was made to shift to a multi-pillar scheme that included a second funded defined contribution pillar. The transition is proving difficult. This article outlines an alternative second pillar that may make more sense for China, a pay-as-you-go notional defined contribution (NDC) pillar. The article provides a brief history of pension policy in China; describes the NDC model; and assesses the relative merits of the NDC alternative as a possible option for China. (KJ/RH). |
| Accession Number | CPA-050207203 A |
| Classmark | JJ: TYA: TM2: 7DC |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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