Villagers lose out on pensions
Updated: 2012-07-02 21:10
By An Baijie (chinadaily.com.cn)
|
||||||||
A local government in Central China's Henan province on July 2 promised to investigate a case in which more than 60,000 villagers were reportedly turned down when they tried to get their endowment insurance.
The villagers bought endowment insurance at the price of 50 to 2,000 yuan ($8 to $315) in 1996 from the government of Dengzhou city, and the local government promised them to get a pension when they reached the retire age of 60, Wang Bing, chief of the publicity department of Dengzhou government, told China Daily.
The rules and regulations stipulate that people with rural hukou (household registration) could not enjoy a pension when they reached the age of 60 as the people with an urban hukou do. The practice in Dengzhou was a pilot project by the local government, which was aimed at benefiting the local rural residents, Wang said.
The local government deposited the money into a bank account, but found that the interest could not cover the pension, according to Wang.
There is 10.25 million yuan in the bank account, which will be given back to the insurance buyers, Wang said.
Ding Ning, a villager in Xicheng district of Zhengzhou, said that she spent 50 yuan and 55 yuan for two insurance policies from the local government in 1996, according to a report of Dahe Daily.
The local government forced them to buy the insurance, or their children would not be enrolled in school, Ding told the newspaper.
Wang, the publicity official, said that what Ding alleged is a historical issue, and the local government's urgent task is to keep its promise to give back the insurance as well as interest to the villagers older than 60.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |