(PANAMA CITY, 17 November 2016) The Government of the People’s Republic of China has received the prestigious Award for Outstanding Achievement in Social Security for its unprecedented extension of pensions, health insurance and other forms of social protection, the International Social Security Association (ISSA) has announced.
The international Award was presented by the ISSA President Errol Frank Stoové to China’s Minister of Human Resources and Social Security, Yin Weimin, at a session of the World Social Security Forum in Panama City on 17 November.
The Award, which is attributed by the ISSA every three years, offers worldwide recognition of a country’s political commitment and long-term results in the field of social security.
“China has made unprecedented progress in the development of its social security system in the past decade and has successfully extended pension, health and other forms of coverage for the benefit of its population through a combination of sustained government commitment and significant administrative innovations,” said ISSA President Errol Frank Stoové.
Receiving the Award on behalf of the Government of China, Minister Yin Weimin said “The Government of China has made strenuous efforts to improve its social protection system and to constantly extend coverage to its entire population.”
“It is an honour and privilege to accept this Award, which is a recognition of our historical achievements in social security, and is a further manifestation of the strong cooperation between China and the ISSA and of our joint efforts to realize social protection for all,” the Minister stated.
Notable social security achievements in China include:
· Between 2008 and 2015, China’s public expenditure on social security witnessed an annual increase of over 20 per cent, and its public expenditure increased from 6.57 per cent of GDP in 2008 to 10.04 of GDP in 2013.
· Pension coverage increased from 360 million people in 2010 to 858 million people in 2015, representing an average annual increase of 19 per cent.
· Health insurance coverage rose from 317 million people in 2005 to more than 1.3 billion people in 2015, reaching over 95 per cent of the population.
The ISSA Award for Outstanding Achievement is decided by the elected ISSA Officers every three years, based on research carried out by the ISSA General Secretariat. The Government of China is the second recipient of the Award, following the Government of Brazil for the Bolsa Família programme in 2013.