养老金

China wakes up to growing problem of underfunded pension schemes

Perched in front of a computer in a one-room apartment in Gaobu, Ms Wang opens the social security website, enters her personal details, and calls up her pension payment record.

The screen says she has paid into the pension for 85 months. She then points to a printed record from a recent visit to the social security bureau that says she has only contributed for 35 months, and laughs.

“If you ask 10 workers, nine don’t understand what is on the forms,” says Ms Wang, an alias for one of 40,000 workers who recently joined the biggest strike in China in decades.

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