China is striving to turn its social insurance system into a fairer and more sustainable one, said Hu Xiaoyi, Vice Minister of Human Resources and Social Security on Sunday.
Â
Social insurance, with focus on basic old-age pensions and medical insurance, will cover all the population, said Hu at the ongoing China Development Forum 2014 here.
Â
China will also push reform in the pension system for government bodies and public institutions, Hu said. Under the current system, a large number of civil servants enjoy free medical care and high pensions after retirement without paying any insurance beforehand.
Â
In addition, the country will endeavor to build a unified basic old-age insurance system and a basic medical insurance system for both urban and rural residents.
Â
There are mounting calls in the public for fairness in the social insurance system, but defects ail China's current system. For instance,Â
nearly 200 million people eligible for old-age pensions have yet to be covered.Â