Chinese state media said Friday that the country’s top lawmakers approved a proposal to delay the age at which people stop working.
Under the plan, men’s retirement age in the country will rise to 63 from 60. While women in blue-collar jobs will see their retirement age increase from 50 to 55 and 55 to 58 for women in white-collar positions. This change will occur over the next 15 years, beginning in January 2025.
From 2030, workers will also have to contribute to their pension accounts for longer before receiving their monthly retirement benefits. This will gradually go from 15 to 20 years.
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