Implicit Pension Debts and Reform of the Old-Age Insurance System
In Chap. 16 of the previous edition of this book China’s National Balance Sheet 2013, we have calculated the funding gap and implicit debts of the old-age insurance for workers and residents in China, made policy simulations to analyze the effects of different reform measures and come to various valuable conclusions. However, in the previous study, only the data for up to 2012 were used, and now it is 2015, we want to know, more than two years later, what are the new Changes in the income and expenditure of China’s old-age insurance? Are the previous estimates accurate and reliable? How big is the difference between the estimates and the new reality?