Sept 14 Retirement age
Sept 14 China passes law raising retirement age
China will begin raising the retirement age for the first time in more than 70 years as the 1.4bn-strong country faces a shrinking and ageing population.
China's legislature, known as the Standing Committee of the National People's Congress, has signed off a new policy which will see retirement age rise for both men and women as of January 2025, state broadcaster CCTV announced.
Over 15 years, the retirement age for men will be raised from 60 to 63 and for women, who can currently retire at 50 if they are in blue-collar employment or 55 if they have white-collar jobs, will retire either at 55 or 58 years, depending on the work they do.
The policy will be rolled out progressively based on people's birthdates.
China will begin raising the retirement age for the first time in more than 70 years as the 1.4bn-strong country faces a shrinking and ageing population.
China's legislature, known as the Standing Committee of the National People's Congress, has signed off a new policy which will see retirement age rise for both men and women as of January 2025, state broadcaster CCTV announced.
Over 15 years, the retirement age for men will be raised from 60 to 63 and for women, who can currently retire at 50 if they are in blue-collar employment or 55 if they have white-collar jobs, will retire either at 55 or 58 years, depending on the work they do.
The policy will be rolled out progressively based on people's birthdates.
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