01689cas a2200253 a 4500 AALejournalIMF004893 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866735 1018-5941 BD-DhAAL BD-DhAAL Dunaway, Steven. Pension Reform in China : The Need for a New Approach / Steven Dunaway, Vivek Arora. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (15 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The rapid aging of China's population over the next few decades makes it important for a new pension system with broad and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in difficulties over dealing with the "legacy costs" associated with the relatively more generous benefits provided under the old system. This paper argues that a way forward is to separate the legacy problem from the problem of setting up a new pension system, and it suggests concrete proposals for setting up such a new system which would cover both urban and rural workers. Mode of access: Internet Arora, Vivek. IMF Working Papers; Working Paper ; No. 2007/109 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/109/001.2007.issue-109-en.xml IMF e-Library