Home / Business / Finance

Nation to strengthen pension management

By Xin Zhiming | | Updated: 2017-03-07 11:02

China will strengthen management of the pension fund and ensure retirees can get their pension "in full and in a timely manner", China's top fiscal official said on Tuesday.

"The Ministry of Finance is responsible for properly managing every penny of the pension," minister Xiao Jie said at a news conference on the sidelines of the ongoing legislative and political advisory meetings.

Xiao admitted that, in some places, pension fee collection had fallen short of pension payments, but he said the ministry has ordered local governments to solve the problem.

He also said investments using pension funds must be strictly managed to avoid incurring losses.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349