Over 40 million civil servants and employees of government-sponsored institutions will be given, on average, a monthly salary increase of about 300 yuan (48 U.S. dollars).
A senior official with the Ministry of Human Resources and Social Security says the adjustment coincides with efforts to unify the pension system for private sector employees, civil servants and employees of government-sponsored institutions.
Pension reform aims to replace the current system, which sees non-public employees paying into their own pensions while civil servants and staff of government-sponsored institutions enjoyed pensions without contributing anything.
