Pension reforms 'need to gather pace'

The National People's Congress (NPC) has urged the government to quicken its pace in setting up a nationwide rural pension system, which would provided a better safety net to the country's aging farmers and migrant workers.

The move is part of ongoing efforts to build a rural social security system to propel rural consumption to cope with the global financial crisis.

The NPC Standing Committee has suggested the transfer of pensions among regions and between the old and new systems be allowed.