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Revenue and expenditure of pension funds for urban-rural residents in China 2010-2020

Revenue and expenditure of public pension insurance funds for urban-rural residents in China from 2010 to 2020

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Source

Release date

July 2021

Region

China

Survey time period

2010 to 2020

Supplementary notes

One yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of July 2021).

Basic public pension insurance is compulsory in China. The public pension system consists of two insurance types for two different groups of people: urban employees on the one hand and other residents in urban and rural areas on the other. The insurance system covering the second group was initiated by the government in 2009 to build up a basic insurance mainly for rural residents not covered by the existing insurance for urban employees. The pension payments for urban employees are much higher than that for the other group.

Figures for earlier years have been taken from previous publications.
Values have been rounded.

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