Nearly 2,000 retired cadres staged a protest outside the Shenzhen municipal government on 24 November against unfair pension payment arrangement.
The retired cadres complained that employees in state-owned enterprises and government agencies received pension payments three times more than they did although they belonged to the same rank. They said the difference was caused due to the government’s policy to reform in pension system in 1995.
To express their anger and frustration which has accumulated for 10 years, the protesting retired cadres waved banners and blocked Shennan Road, which was in front of the city government building, paralyzing the local traffic for almost five hours, according to a report of Mingpao. It is the largest demonstration staged by retired cadres in the city since Shenzhen was established in 1980s, the report said.