LINE

Text:AAAPrint
Society

China guarantees pensions payment: premier

1
2016-03-16 12:14Xinhua Editor: Gu Liping

The Chinese government is capable of guaranteeing payment of benefits for pensioners, Premier Li Keqiang said Wednesday while meeting the press after the conclusion of the annual legislative session. [Special coverage]

Li said provincial governments, under the current scheme, have both liability and ability to ensure the pensions payment after raising funds through multiple channels.

If provincial governments have done their best but do face difficulties, the central government is prepared to extend help, Li said.

The balance of nationwide pension insurance accounts was more than 3.4 trillion yuan (around 520 billion U.S. dollars) last year, while the government reserved a social security fund worth 1.6 trillion yuan, Li said.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.