Delayed retirement means that the state adjusts the retirement age according to the current situation. The state has decided to raise the retirement age to adjust the changes of China's population structure and employment, so as to alleviate the employment pressure of the population. The biggest impact of delaying the retirement age is on the Post-70s and post-80s. So when did the delay start?
When does the deferred retirement age begin
On December 2, 2015, the press conference of the green paper on population and labor: report on China's population and labor issues No.16, jointly sponsored by the Institute of population and labor economics of the Chinese Academy of Social Sciences and the Social Sciences Literature Publishing House, was held in Beijing. The report recommends that from the beginning, the retirement age for women should be delayed by one year every three years and that for men by one year every six years until it reaches 65 at the same time in 2045.
The report points out that since the retirement age in China began decades ago, it has become too low. The green paper proposes to gradually postpone the retirement age in accordance with the principles of integration first, gradual implementation and flexible mechanism.
In this regard, it is suggested that the retirement age reform plan of employee pension insurance should be carried out in two steps. Step 1: when the pension system was merged in 2017, the identity difference between female cadres and female workers was abolished, and the female retirement age of employee pension insurance was uniformly set at 55. Step 2: from the beginning, the retirement age of women will be delayed by one year every three years and that of men will be delayed by one year every six years until it reaches 65 years at the same time in 2045.
It is also suggested to realize the integration of the pension system and classify the retirement age into two categories: the employee pension insurance receiving age and the resident pension insurance receiving age.
It is proposed that the retirement age of residents' old-age insurance will be delayed by one year every three years from 2033 until 2045. At the same time, we should introduce a flexible mechanism into the reform of the retirement age. We can consider taking the legal retirement age as the benchmark and stipulate that people can retire five years in advance or delayed, but the pension treatment is linked to the retirement age.
Who will be affected
1. Female workers up to the age of 50 (women born in 1972 and later);
2. Female cadres and male workers (born in 1967 and later) up to 55 years old;
3. Male cadres less than or equal to 60 years old (men born in 1962 and later);
It can be seen that the delayed retirement scheme has a great impact on the Post-70s and post-80s. According to the scheme of the Ministry of human resources and social security, a "gradual" delayed retirement will be implemented: the retirement age will be extended for several months every year until the newly proposed legal retirement age is reached after a considerable period of time.