China Raises Retirement Age for the First Time in Over 70 Years
Friday, 13 September 2024, 08:19
Phased Increase in Retirement Age
Starting in January, China raises retirement age for men from 60 to 63 over 15 years. Women will see a shift from 50 to 55 for blue-collar positions and from 55 to 58 for other jobs.
Impact on Workforce
This change is set to address labor shortages and enhance economic stability. Individuals may need to adjust their retirement plans accordingly.
- Men: Retirement age rising from 60 to 63
- Women: Retirement age shifting by job category
- 15-year gradual implementation
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.