Beijing, March 23 (IANS): China is striving to turn its social insurance system into a fairer and more sustainable one, Hu Xiaoyi, the country's vice minister of human resources and social security, said Sunday.
Hu said at the ongoing China Development Forum 2014 here that social insurance, with focus on basic old-age pensions and medical insurance, will cover the entire population of the country, reports Xinhua.
He also said that China will push reform in the pension system for government bodies and public institutions.
Under the current system, a large number of civil servants enjoy free medical care and high pensions after retirement without paying any insurance beforehand.
Hu added that the country will endeavour to build a unified basic old-age insurance system and a basic medical insurance system for both urban and rural residents.