In the News

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 – Globaltimes.cn.

Related Posts

China / Retirement age would be advanced a year

POSTED BY  ⋅ NOVEMBER 21, 2013 ⋅ LEAVE A COMMENT

Workers in the mainland who want to stay in their jobs longer may be disappointed as a senior party spokesman said the retirement age would be advanced up to a year later as part of an experiment to deal with the country’s increasingly aged population Continue reading »

China – A demographic perfect storm is coming

POSTED BY  ⋅ JULY 23, 2012 ⋅ 9 COMMENTS

The idea that the so-called “demographic dividend” is coming to an end for China is not a new one.  Yet not many people are sufficiently aware of the consequence of ageing (and shrinking) population.  Population ageing poses a headwind to asset prices, real estate in particular.  Population ageing is somewhat associated with lower inflation (if … Continue reading »

China | Demography | Aging : the long-term implications

POSTED BY  ⋅ APRIL 6, 2012 ⋅ 8 COMMENTS

Canada and Europe are not alone in dealing with important demographic shifts. And worries about increasing recruitment problems, workforce shortages and skills gap are widespread. But there might be more critical situations. For instance, China is just beginning its huge demographic transition. In an article published on brookings.edu, Wan Feng qualifies China as a “demographic overachiever” and analyses … Continue reading »

Demographic Dividends, Dependencies And Economic Growth In China And India

POSTED BY  ⋅ FEBRUARY 22, 2012 ⋅ 4 COMMENTS

The world‟s two population giants have undergone significant, and significantly different, demographic transitions since the 1950s. The demographic dividends associated with these transitions during the first three decades of this century are examined using a global economic model that incorporates full demographic behavior and measures of dependency that reflect the actual number of workers to … Continue reading »

China / What’s going on in its labor markets

POSTED BY  ⋅ MARCH 15, 2013 ⋅ 4 COMMENTS

Understanding unemployment and wage growth are crucial for understanding developments in the world’s second largest economy, not to mention the future price of everything from Nike sneakers to Apple iPhones. The official data is improving, with new information on migrant worker and private sector wages. But it remains scarce and in some cases unreliable, especially … Continue reading »

Discussion

Trackbacks/Pingbacks

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: