In Depth: As China’s State Pension System Strains, Companies Must Step Up

China’s state-backed pension program is under mounting pressure to pay benefits to a growing number of retirees, especially as government coffers are squeezed by slower economic growth.

The country’s enterprise annuities system, a largely voluntary pension scheme for companies, can potentially provide additional pension security for some 460 million corporate employees. But uptake has been limited. To increase adoption, critical hurdles need to be addressed, with some suggesting it be made mandatory.