China Faces $150B Funding Gap For Its Urban Worker Pension Plans

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China’s urban worker pension plan faces nearly a RMB1 trillion (US$150 billion) funding gap in 2014, as the country’s individual urban worker pension accounts reached an aggregate liability of RMB4.1 trillion while the actual balance of funds were RMB3.2 trillion, according to the China Pension Report 2015 release by the Chinese Academy of Social Sciences.

China Money Network

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