Retirees Will be Able to Draw Pensions Nationwide Within 5 Years

Currently, many retirees can only draw their pensions from the city in which they worked and made payments to their pension fund, but according to an official's response to a reporter's question during a news briefing held at the conclusion of the recent meeting of the National People's Congress Standing Committee, within five years, Chinese citizens will be able to draw their pensions from anywhere in the country, regardless of where they reside or where they worked. Currently, 25 provinces have made preparations so that residents can draw their pensions from anywhere within the same province - though the system is yet to be brought into effect.

Source
The Beijing Times

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