China is trying to change its problematic retirement age ...Middle East

Quartz - Economy
China is trying to change its problematic retirement age
source : Quartz ( Middle East ) () 27
China has some of the youngest retirement ages in the world, which is becoming a major problem for a country that is steadily aging.The official retirement age for men is 60. Women in managerial positions have a retirement age of 55, while blue-collar female workers can retire at 50. In many other countries, leaving the workforce at 65 is the norm; China’s earlier and gendered retirement ages have been in place since 1951, when the country’s life expectancy was less than 50 years. (It’s now 77.)China’s pension systems are drastically underfunded for the growing number of people set to retire in coming years, and the costs of sustaining that net will become prohibitive if people can continue

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