May 1 start for China supplementary pensions

Mar 29, 2004

Enterprise annuity legislation is expected to be effective on May 1, opening a new market for pensions providers.

China's Ministry of Labour and Social Security (MoLSS) has reportedly said new legislation creating a long-anticipated form of supplemental pension plan, the enterprise annuity, will be effective on May 1, 2004, according to Hewitt Associates in Hong Kong.

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