DuPont, Wilmington, Del., is trying to create what the company believes would be the first private pension fund domiciled in China.
DuPont officials believe the defined contribution-style plan would help the company attract and retain workers in the face of rising demand for talented employees in China. The company also wants to improve upon China's existing social security provisions. It would cover some 200 employees of DuPont China Holdings Ltd., located in Beijing, Shanghai and Shenzhen.
Jack Stair, senior consultant with DuPont, next month will present a report to DuPont China on the financial viability of the plan.