Views divided on bid to revise pension system

Proposal measures include raising retirement age and more premiums

The country's top social security fund administrator has suggested making people work longer and receive their pensions later to offset a pension fund shortfall. However, the public and experts expressed mixed reaction toward the proposal.

Dai Xianglong, chairman of the National Council for Social Security Fund and a former central bank governor, said the government should "modify the (current basic pension) system instead of passively putting aside more money" to offset a pension fund shortfall.