China raises retirement age as workforce shrinks

[Harpy Eagle]

China raises retirement age as workforce shrinks

Government strives to avert pension crisis by extending contribution years

asia.nikkei.com

The retirement age will be gradually increased over the next 15 years. For men, it will rise to age 63, from 60. Female managers will work until 58, instead of 55. And the working years of non-managerial level female employees will be extended to 55, from 50.


They are raising their retirement age and it is still almost 15 years sooner than ours in some cases.

 

[TNHarley]

Wow so chinese people still have a chance to live long enough to have a life after retirement. Nice.

 

[Crepitus]

China raises retirement age as workforce shrinks

Government strives to avert pension crisis by extending contribution years

asia.nikkei.com

The retirement age will be gradually increased over the next 15 years. For men, it will rise to age 63, from 60. Female managers will work until 58, instead of 55. And the working years of non-managerial level female employees will be extended to 55, from 50.


They are raising their retirement age and it is still almost 15 years sooner than ours in some cases.

This is also good news on any sort of war possibility. If the workforce is shrinking so are fighting age soldiers

 

[Harpy Eagle]

Wow so chinese people still have a chance to live long enough to have a life after retirement. Nice.

They get to retire sooner and have a longer life expectancy than in the US.

 

[Harpy Eagle]

This is also good news on any sort of war possibility. If the workforce is shrinking so are fighting age soldiers

China does not want a war, they would lose customers.

International trade is a great deterrent against a war