Do Notional Defined Contribution Accounts Make Sense as Part of the Old-Age Security Mix for China?

John B. Williamson, Ce Shen
2004 Journal of Aging & Social Policy  
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.
doi:10.1300/j031v16n04_03 pmid:15724572 fatcat:dhqfnm763baztdcqi5qronezgu