Government-sponsored pensions vital: survey

Most of the people polled in a recent survey believe that government-sponsored pensions are vital, but less than 30 percent are satisfied with the current pensions level.

About 66 percent of the urban residents polled think that pensions are important to guarantee a dignified life for the elderly, according to the results of the survey released by Guangzhou Public Opinion Research Center on Tuesday.

The center interviewed more than 5,000 residents via phone calls in 693 cities and counties around the country in September.

Only 28 percent of the respondents are satisfied with the current pensions level, while 27 percent said that they are unsatisfied. Meanwhile, in first and second-tier cities, as much as 34 percent said that they are not happy with their pensions.

Yue Jinglun, a professor of public administration from the Guangzhou-based Sun Yat-sen University, said that senior residents should not rely too much on pensions from the government for their retirement.

We Recommended People have fun at Angry Birds theme park Sexy models and fancy cars rock Hangzhou auto show Flash mobs dance 'Gangnam Style' Panda travels home and away Students receive cabin attendant training for A320 Exciting performance on motorcycle China's new-type rescue ship to be put into service   Hospital with five-star facilities open Austrian-born panda arrives a 'happy tiger'