US EditionChina Approves Plan for First Hike to Retirement Age Since 1978
- China's legislature approves raising the retirement age starting January 1, gradually increasing it to 63 for men and 55-58 for women over 15 years.
- The minimum working period for monthly pensions will also extend from 15 to 20 years beginning in 2030.
- The policy addresses a shrinking workforce and pension shortfall concerns, as noted by the Associated Press and Chinese state media.
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201 Articles
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charter97.orgFor the first time since the 1950s, China will raise the retirement age. The authorities are making this decision against the background of a growing elderly population in the country and a reduction in the pension budget.
China Raises Retirement Age For First Time Since 1978, Sparking Social Fury – Infinite Unknown
“When I was born they said there were too many. When I gave birth they said there were too few. When I wanted to work they said I was too old. And when I retire they say I’m too young.” – China Raises Retirement Age For First Time Since 1978, Sparking Social Fury A few ...
Retirement at 60: In Germany, these days are long gone. In China, the government has long avoided raising the retirement age. But the problems are all too obvious.
China raises retirement age to address aging work force
BEIJING — Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world’s major economies, in an effort to address its shrinking population and aging work force. The Standing Committee of the National People’s Congress, the country’s legislature, passed the new policy Friday after a sudden announcement earlier in the week that it was reviewing the measure, state broadcaster CCTV announced. The …
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