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China's plans to hike retirement age from 60 fuels public discontent

China's retirement age has remained unchanged for more than four decades at 60 for men and 55 for female white-collar workers, even as life-expectancy has risen

China
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Experts say raising the age at which workers are eligible for state-supported pensions is crucial for ensuring the sustainability of the retirement system. (Bloomberg)

Tom Hancock | Bloomberg
China is making a new push to raise one of the world’s lowest retirement ages as it tries to cope with a rapidly aging population, a move that’s already fueling public discontent and will test the Communist Party’s ability to implement reforms.

The ruling party alluded to the change earlier this month when it released an outline of its five-year economic plan, which included a recommendation to “implement postponing the retirement age.” Specific measures in the plan are due to be unveiled in March.

China’s retirement age has remained unchanged for more than four decades at 60 for men and 55 for

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First Published: Nov 30 2020 | 12:26 PM IST

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