China to delay retirement ages ‘gradually’ by 2025, after holding firm for seven decades
China has confirmed that it will gradually start pushing back its long-mandated retirement ages in the coming years, in line with Beijing’s plans to better accommodate the needs of the elderly and adjust to new realities stemming from the nation’s rapidly ageing population.
The possible raising of its legal retirement ages has become an increasingly debated topic in recent years. And further impetus was given to the idea as recent data sounded alarms over how rapidly China’s workforce is shrinking.
Demographic and labour experts have long argued that the current mandatory retirement ages in China – 60 for men, 55 for female office workers and 50 for female blue-collar workers – must be reconsidered, especially since they were first stipulated about 70 years ago.
Read More at https://www.scmp.com/economy/china-economy/article/3167985/china-delay-retirement-ages-gradually-2025-after-holding-firm