Home / Opinion / From the Press

Reform social insurance to help less well-off | Updated: 2013-07-26 20:27

The social insurance system should be reformed to lower the amount paid by wage earners, said an article in the Southern Metropolis Daily (excerpts below).

Chinese wage-earners pay about 40 percent of their income on social insurance on average, the highest in Asia.

The government should standardize payments before asking contributors to pay more.

It is the government's responsibility to provide basic social insurance for all citizens. If rich people want to get higher pensions, they can buy more commercial insurance.

State-owned enterprises should set aside more money from their profits to subsidize the social insurance fund. And the government should try its best to contain inflation and provide better public services for middle and lower-income groups.

The government has the duty to close the wealth gap between the rich and the poor, rather than blindly demand the poor to pay more.

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