One Minute: New environment minister, traditional Chinese and smart livelihood
Updated: 2015-03-07 14:31
By Liu Wei(chinadaily.com.cn)
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Senior citizens chat at a retirement home in Beijing. [Photo/Xinhua] |
Deputies to the nation's top legislature body called for reform of the pension system, arguing it is unfair that the government would not return the excess amount of the pension money if a retired worker dies.
According to Dahe Daily, the reform of the pension program became a hot topic at the annual "two sessions", as under the current system, most workers need to pay 8 percent of their salary toward pension.
However, if a retired worker dies before they are able to pick up enough pension equivalent to the amount paid during the lifetime, the government seizes the extra cash.
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