Reform social insurance to help less well-off
Updated: 2013-07-26 20:27
(chinadaily.com.cn)
|
|||||||||||
The social insurance system should be reformed to lower the amount paid by wage earners, said an article in the Southern Metropolis Daily (excerpts below).
Chinese wage-earners pay about 40 percent of their income on social insurance on average, the highest in Asia.
The government should standardize payments before asking contributors to pay more.
It is the government's responsibility to provide basic social insurance for all citizens. If rich people want to get higher pensions, they can buy more commercial insurance.
State-owned enterprises should set aside more money from their profits to subsidize the social insurance fund. And the government should try its best to contain inflation and provide better public services for middle and lower-income groups.
The government has the duty to close the wealth gap between the rich and the poor, rather than blindly demand the poor to pay more.
Related Stories
China's social insurance funds top 2.98t yuan 2012-12-19 17:05
Find ways to fill social insurance gap 2012-09-27 22:48
120,000 expats covered by Chinese social insurance 2012-09-10 16:40
Govt weighs social insurance reforms 2012-07-27 07:18
Today's Top News
GSK replaces China chief amid scandal
Indictment shows CPC's stance on corruption
Japanese PM unlikely to visit Yasukuni Shrine
Top DPRK leader meets Chinese vice-president
FDI to maintain growth in H2
EU 'students' get access to Chinese culture
Girl, 2, thrown to ground; suspect detained
New industries lead job growth
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Attractive Cities for Foreigners |
Terraces on top of the world |
No summer relief for kindergarten |
Safety worries mount |
Giving ancient Lhasa a facelift |
Families feel the pull of 'gravity' |