Old-age insurance scheme to cover migrants
12 June 2007
China's 140 million rural migrant workers will soon be covered by the nation's old-age pension scheme, according to Zhang Xiaojian, vice minister of labor and social security, according to Xinhua (in Chinese). A draft of the national old-age insurance system for migrant rural workers has been worked out and will be submitted to the State Council for approval. According to the draft, rural workers with stable jobs will be included in the basic old-age insurance system that already exists for company employees in urban areas. Workers will have a personal pension account in which premiums paid by workers and their employer will be saved. Rural workers will take part in the pension scheme at the site where they are employed. If they change their employer, their accounts will follow them from job to job, according to the draft. The condition of migrant workers have drawn increasing attention from society and government in recent years.