China Raises Retirement Age for the First Time Since the 1950s
China has announced plans to gradually increase the retirement age for both men and women for the first time since the 1950s. Under the new policy, the retirement age for men will be increased from 60 to 65 for five years. Meanwhile, the retirement age for women will rise from 55 to 60.
China announced it would gradually raise its retirement age for the first time since the 1950s. This decision aims to address the country’s ageing population and the strain on its pension system. However, it has been met with mixed reactions.
Currently, China’s retirement age is one of the lowest in the world. The new plan, starting in January 2025, will raise the retirement age for men from 60 to 63 by 2040. For women in white-collar jobs, the age will increase from 55 to 58, while those in blue-col...