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China / Official clarifications on retirement policy

A Chinese human resources official has denied that planned changes to retirement age will start with either civil servants or those engaged in heavy physical labor.

Hu Xiaoyi, deputy head of the Human Resources and Social Security Ministry, made the remarks at a press conference to elaborate on the policy.

Speculation surfaced on the Internet following Hu\’s remarks earlier this week that postponing the retirement age must go on the government agenda. Netizens surmised that first, laborers engaged in heavy work would be retired at a later date, and government officials would delay their own retirement to benefit more from their posts.

“This is mere speculation,” said Hu. “The plan is being drafted and has not been finalized. I have never heard of any such proposals.”

The retirement age in China is 60 for men and 55 or 50 for women, but for heavy laborers or those doing dangerous work, men can retire at 55 and women at 45.

Earlier this week Hu suggested that the reform may begin with those entitled to the lowest retirement age and then expand to the rest of populous.

Chosen excerpts by Job Market Monitor. Read the whole story at 

Global Times

via Official clarifies retirement policy – CHINA –

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  1. Pingback: A worldwide retirement crisis is coming | Job Market Monitor - December 30, 2013

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