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Chinanews, Beijing, August 4 – The State Council of China has decided1 to continually raise the pension of enterprise retirees in the next three years, to ease social polarization.
Currently, there are 40 million enterprise retirees in China, who have contributed their youth to the construction of the country. So it is the responsibility of the government to guarantee their old age life. Thus China has started the pension hike in 2005, and the policy has been widely acclaimed2. Now the State Council requires related government departments and enterprises to carry out the policy before the end of August. Pension hike this time will mainly cover high technicians and those who retired3 early and receive relatively4 lower pensions.
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