Reported 15 days ago
Starting January 2025, China will gradually raise its retirement age from 60 for men and 50/55 for women to 63 and 55/58 respectively, addressing the challenges of an aging population and a struggling pension system. This change is part of a broader trend as many countries, including the U.S., face similar dilemmas of supporting retirees with shrinking workforces. The shift aims to ensure the sustainability of pensions amid rising life expectancy and declining birthrates.
Source: YAHOO