China raises retirement age to cope with aging population, starting from 2025.

China is gradually raising its retirement age to tackle an aging population. Starting 2025, men's retirement age will increase from 60 to 63 over 15 years, while women's will rise from 55 to 58 for cadres and from 50 to 55 for blue-collar workers. By 2030, the minimum pension contribution years will rise from 15 to 20. This change responds to increased life expectancy and a growing elderly population, projected to exceed 400 million by 2035, or over 30% of the total population.

2 months ago
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