Centre for Policy on Ageing



Do notional defined contribution accounts make sense as part of the old-age security mix for China?
Author(s)	John B Williamson, Ce Shen
Journal title	Journal of Aging & Social Policy, vol 16, no 4, 2004
Pages	pp 39-58
Source	http://www.tandfonline.com
Keywords	Pensions ; Social security [generally] ; Social policy ; China.
Annotation	Until quite recently, the Chinese pension system was an enterprise-based, pay-as-you-go, defined benefit scheme. In 1995, the decision was made to shift to a multi-pillar scheme that included a second funded defined contribution pillar. The transition is proving difficult. This article outlines an alternative second pillar that may make more sense for China, a pay-as-you-go notional defined contribution (NDC) pillar. The article provides a brief history of pension policy in China; describes the NDC model; and assesses the relative merits of the NDC alternative as a possible option for China. (KJ/RH).
Accession Number	CPA-050207203 A
Classmark	JJ: TYA: TM2: 7DC
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