Government and Policy

Chinese Premier Wen chats online with Internet users

(Xinhua)
Updated: 2011-02-27 09:51

Pension hike for business retirees

Wen vowed that the Chinese government would continue to increase pension for business retirees to improve their lives.

In China, pension system reform has long been introduced in businesses, but not in governmental departments and institutions.

As a result, retirees in governmental departments and institutions  have enjoyed much better treatment than those retiring from businesses, giving rise to discontents among the latter group of people.

To address the issue, the government had increased pension by up to 10 percent every year for business retirees over the past seven years, but their wages were still relatively low, Wen said.

"We will continue to improve their treatment, especially for those engineers with high education," he said.

He added pension system reform would be steadily carried out in governmental departments and institutions.