China raises pension for corporate retirees again
Updated: 2013-01-09 17:19
(Xinhua)
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BEIJING - Chinese authorities have decided to raise the pension for corporate retirees by 10 percent to cope with rising living costs, according to a cabinet meeting Wednesday.
The new rules took effect on Jan 1, 2013, according to a State Council executive meeting, chaired by Premier Wen Jiabao. The government has increased the corporate pension for nine consecutive years.
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