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China - Pension Reform Project (English)

Ratings for the Pension Reform Project for China were as follows: the outcome was satisfactory, the sustainability was likely, the institutional development impact was substantial, and the Bank and borrower performance were both satisfactory. Lessons learned from the project are as follows: The importance of aligning project objectives with that of the Borrower's. With the objectives of both sides aligned, the project received strong administrative support from the government representatives in the Ministry of Labor and Social Security, Heilongjiang and Qingdao, in the Project Implementation Unit and the Project Management Offices. The practicality of focusing the project on one province and one municipality as pilots with oversight from the central government. In terms of project management, a lesson learned from this project is that there should be better clarity as to the responsibilities and repayment obligations at the onset of project launch.

Details

  • Document Date

    2006/07/10

  • Document Type

    Implementation Completion and Results Report

  • Report Number

    36024

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    China,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2006/08/14

  • Disclosure Status

    Disclosed

  • Doc Name

    China - Pension Reform Project

  • Keywords

    Public Expenditure, Financial Management and Procurement;bank's country assistance;pension system;Compulsory Pension and Unemployment Insurance;municipal levels of government;national policy-makers;quality at entry;quality of data;principal performance ratings;social insurance information;wide area network;urban enterprise;contribution rate;institutional development impact;project completion date;financial management responsibility;information management systems;series of seminars;procurement of computer;management of enterprise;voluntary pension scheme;direct financial benefit;human resource capacity;private sector enterprise;competitive bidding procedure;database management system;individual pension account;government bond yield;local social insurance;long term forecast;national policy maker;financial sustainability analysis;open bidding procedures;labor force growth;real wage growth;lack of agreement;Municipal Finance;source of funding;social insurance program;pension policy reform;law and regulation;basic pension;individual account;social security;pension reform;pension insurance;Social Protection;financial projection;average contribution;working day;forecasting model;old-age insurance;pension benefit;data quality;project administration;enterprise worker;overseas study;financial rate;central policy;overseas training;procurement process;supplementary pension;system hardware;pension regulation;application software;government issue;private enterprise;raw data;urban worker;benefit distribution;daily operation;skill requirement;repayment obligation;historical data;support policy;pilot site;pension administration;national pension;system design;financial viability;bank's performance;enterprise contribution;state industry;national system;policy parameters;retired persons;administrative support;municipal representative;real return;sensitivity analysis;retirement age;project finance;coverage rate;life expectancy;interest income;pilot program;population size;institutional resource;financial status;domestic travel;operational efficiency;transition arrangement;regular operations;statistical method;municipal staff;draft policy;impact indicator;government plan;benefit adjustment;macro policies;benefit amount;pension modeling;macro policy;fund accounting;data processing;insurance system;government control;Bank Credit;visa restrictions;process capability;bank's procurement;government representative;Bank Fund;contribution data;operational positions;operational issues;counterpart fund;satisfactory rating;reference point;sustainability rating;project's achievements;government's commitment;rural resident;pension contribution;old-age pension;savings account;participation rate;foreign fund;replacement rate;long-term forecast;site preparation;personnel training;electronic form;data aggregation;expenditure tracking;government pension;contribution collection;voluntary retirement;accurate assessment;domestic policies;supplementary scheme;voluntary scheme;old-age population;information collection;procurement procedure;administrative information;municipal system;software maintenance;storage system;financial prospect;municipal offices;data management;primary author;contractual saving;basic pillar;basic benefit;exchange rate;process efficiency;Exchange Rates;government's strategy;policy priority;financial control;pension asset;dependency rate;personnel cost;long-term sustainability;funding strategy;momentum gain;staff development;government priority;

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Citation

China - Pension Reform Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/808961468218982450/China-Pension-Reform-Project