China’s leaders have floated the idea of raising the retirement age. It hasn’t gone down well ...Egypt

Hong Kong CNN — China has announced plans to raise some of the world’s lowest statutory retirement ages as it tries to cope with the consequences of a rapidly ageing population and a pensions funding crisis. Currently, men in urban areas can retire at 60 and receive a pension from state-backed funds. The retirement age for female urban workers is 50 or 55 depending on their occupation. Rural residents in China fall under a different retirement system. Beijing’s plans, announced at the weekend, have already generated a fierce backlash. “In accordance with the principles of voluntariness and flexibility, [we] will steadily and orderly advance the reform of progressively delaying the s

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Last updated : 23 July 2024 clock 04:12 PM

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China’s leaders have floated the idea of raising the retirement age. It hasn’t gone down well ...Egypt

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