Government and Policy
China to raise pension from 2010
(Xinhua)
Updated: 2009-12-23 00:27
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BEIJING: China's State Council, or cabinet, announced Tuesday to raise pension for enterprise retirees nationwide from 2010, and allow employees to transfer their pension accounts when they move across provinces.
It is the fifth consecutive year that China has raised the basic pension payments for enterprises retirees since 2005.
The State Council also said that migrant workers and urban workers would be able to transfer their pension accounts when they find new jobs in other provinces.
The new rule for transferring pension accounts across provinces will take effect as of Jan 1, 2010.
