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What are the latest specific provisions on the retirement age of employees?

Pension and retirement has always been a problem that people pay close attention to in every period. In order to make every old person have a sense of security, the state has also invested huge financial resources. There are different provisions on the retirement age in various countries and periods. What are the latest specific provisions on the retirement age for employees?

The Chinese Academy of Social Sciences recently released the latest green paper on population and labor, which suggests delaying retirement in 'two steps':

The first step is to complete the integration of the pension system in 2017, eliminate the identity difference between female cadres and female workers, and uniformly set the female retirement age of employee pension insurance at 55.

The second step is to delay the retirement age of women by 1 year every three years and that of men by 1 year every six years from 2018 until it reaches 65 years at the same time in 2045.

This means that those who have not retired before 2018 will be affected. Moreover, women born after 1990 (including 1990) and men born after 1985 (including 1985) will retire at the age of 65, 10 and 5 years longer than the original respectively.

Policy on delaying retirement age

In the face of the indisputable fact that China's population is aging, many experts once again suggested that the retirement age should be gradually extended to slow down the reduction of the total labor force. In his speech, He Ping, director of the Institute of social security of the Ministry of human resources and social security, said that most foreign aging countries deal with aging by using external mechanisms to guide workers to consciously extend the retirement age. He suggested that China implement the policy of extending the retirement age from 2016 and extend the retirement age of one year every two years. By 2045, the retirement age will be 65 for both men and women. At present, there are a large number of young retirees in China, and developing their potential is the main direction in the future. In view of the fact that China's retirement age regulation began decades ago and has become too low, it is suggested to gradually delay the retirement age in accordance with the principles of integration first, gradual implementation and flexible mechanism.

For the retirement age reform plan of employee pension insurance, the report suggests two steps: the first step is to cancel the identity difference between female cadres and female workers when the pension system is merged in 2017, and uniformly set the female retirement age of employee pension insurance as 55 years old. The second step is to delay the retirement age of women by 1 year every three years and that of men by 1 year every six years from 2018 until it reaches 65 years at the same time in 2045.