China – A plan to push back retirement

China has the world’s lowest retirement age. Chinese officials want to shed that distinction.

The average retirement age in China is 55, younger age than any other country, a senior social security minister said this week. As a result, he said, officials will soon unveil a plan to push back the country’s retirement age, which is currently 60 for men and as early as 50 for women.

The reform plan will postpone the retirement age “step by step until it reaches a reasonable level,” said Yin Weimin, minister of the Ministry of Human Resources and Social Security, according to the official Xinhua news agency.

Source: In Charts: Why China’s Low Retirement Age Won’t Last – China Real Time Report – WSJ