A necessary and pragmatic reform
MA XUEJING/CHINA DAILY With China entering the era of rapidly rising aging population, raising the retirement age has become a priority issue for the country. Raising the retirement age according to gender and role: Over a 15-year period, starting in 2025, the government will raise the retirement age of men from 60 to 63 years and women blue-collar workers and women cadres from 50 to 55 years and 55 to 58 years, respectively. Support for unemployed workers nearing retirement: For people close to retirement who are unemployed and getting unemployment benefits, the reform will provide extended unemployment benefits until they reach the new statutory retirement age. Raising the retirement age in China is not just a pragmatic response to the demographic changes but an essential reform for the betterment of country's future.
China raises its retirement age to dull the impact of shrinking, aging economy
China raises its retirement age to dull the impact of a shrinking, aging economy
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