Medical insurance benefits rose 15.3 percent annually between 2000 and 2005, and public pension benefits grew by 9 percent annually during the same period (An et al., 2011). Such a sharp rise is somewhat exceptional, but low- income countries are also experiencing a rapid increase in per capita public transfers to the elderly. Recognizing the importance of a guaranteed support system for its aging population, in 2006 the Government of Indonesia issued Law No. 40/2004 expanding the social security system to include a national pension system for workers in both the formal and informal sectors (Maliki, 2011). In 2009, the PRC committed itself to building a universal public pension system in rural areas funded by individual premiums and government subsidies. The government also made public health
insurance available to urban employees in 1998, to rural citizens in 2003, and to urban citizens in 2007 (Li et al., 2011).
Medical insurance benefits rose 15.3 percent annually between 2000 and 2005, and public pension benefits grew by 9 percent annually during the same period (An et al., 2011). Such a sharp rise is somewhat exceptional, but low- income countries are also experiencing a rapid increase in per capita public transfers to the elderly. Recognizing the importance of a guaranteed support system for its aging population, in 2006 the Government of Indonesia issued Law No. 40/2004 expanding the social security system to include a national pension system for workers in both the formal and informal sectors (Maliki, 2011). In 2009, the PRC committed itself to building a universal public pension system in rural areas funded by individual premiums and government subsidies. The government also made public healthinsurance available to urban employees in 1998, to rural citizens in 2003, and to urban citizens in 2007 (Li et al., 2011).
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