2024-09-13 09:00:10
Politics
Economy
Demographics
China's Retirement Age Reform Amid Demographic Challenges
Image used under license from Shutterstock.com
Related news on that topic:
The press radar on this topic:
Politics - South China Morning Post
Politics
Economy
China's National People's Congress raises retirement age: men 60 to 63, female office 55 to 58, female blue-collar 50 to 55; Japan 65, South Korea 63; pension deficit; aging population pressures economy; China considering change for years.
stern
Demographic Crisis: China Gradually Raises Retirement Age
Politics
Economy
China is raising the retirement age due to a demographic crisis; declining birth rates and a shrinking population; increase planned from 2025 to 2040 according to government decision; minimum years of employment for retirement will rise to 20 starting in 2030; severe consequences threaten the economy, healthcare, and social systems; workers can make agreements with employers; retirement age adjusted for the first time in decades.
VnExpress English
China to raise retirement age: state media
Politics
Economy
China to gradually raise retirement age for male workers to 63 and female workers to 55-58 depending on job type, starting 2025, as the country faces a demographic crisis and aging population. Minimum pension contributions to increase from 15 to 20 years, and people can postpone retirement if agreed with employers. Decision made by Beijing officials, reported by state news agency Xinhua.
Yahoo News
China approves plan to raise retirement age from January 2025
Politics
Economy
China will gradually raise retirement ages from 60 to 63 for men, 55 to 58 for white-collar women, and 50 to 55 for blue-collar women, starting in 2023 and fully implementing over 15 years. This flexible policy allows employees to retire earlier or extend up to 3 years. The reform aims to ease pension budget deficits in 11 provinces and increase the labor force participation rate to mitigate population aging, though it may have little short-term impact but help maintain stable productivity gro..
Welcome!
infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand