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Pension funds guarantee retired individuals with monthly income at the end of their working years. When people choose to invest in pension funds, they assume their life after retirement will be sustainable, as the system promised. However, most of these investments are insufficient for funding a dignified life in retirement. This paper takes lessons from the reform of the US pension fund system to examine the misalignment of contributions and liabilities for pension funds in China. It begins with the examination of the population distribution by age group for American and Chinese demographics. The population is one of the critical components in pension funds system to understand and anticipate any structural mismatches for inflow and outflow of funds. The author then uses the United States’ pension reform to further explore how China can reform its pension fund system.
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Hou, KaiYuan, "An Aging Dragon: Lessons from the Reform of the United States Pension Fund System and its Application for the Chinese Pension Fund System" (2018). Senior Projects Fall 2018. 4.