China's Retirement Age Increase: What You Need to Know

Friday, 13 September 2024, 07:51

Top news from China reveals significant changes as the government plans to gradually increase the legal retirement age. By 2040, men will retire at 63, while women could retire between 55 and 58 based on their employment type. These changes are aimed at addressing the aging population in the country.
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China's Retirement Age Increase: What You Need to Know

China's Retirement Age Changes

In a move that has captured global attention, China's top legislative body has adopted a motion to push back the statutory retirement age.

Details of the New Plan

  • Gradual Increase: Retirement age set to rise to 63 for men.
  • Women’s Retirement Age: Adjustments for blue-collar and white-collar workers from 50 to 55-58 years.

Purpose and Goals

The primary aim of these changes is to effectively manage the challenges posed by an aging population in China.


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