Do people in Chile wear jeans?
Yes, China has a large social security system, which is divided into two primary categories: one for urban workers in the formal sector and another for rural farmers and nonworking urban residents. The urban system, which is the largest component, combines a social pooling account (a pay-as-you-go program) with mandatory individual accounts funded by both employee and employer contributions. For rural residents, the system is less developed, often relying on general fiscal revenue to finance small pensions. Since reforms that began in the 1980s and 1990s, the system has continued to evolve to cover public employees, migrant workers, and "flexible" employees.
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