China advances pension age for the first time in 46 years

Illustrative photo from the press ate 

China has since the 1970s decided to promote the pension age. The All-China Assembly of People's Representatives voted on the move to advance the pension age. The Xinhua agency reported this.

The current standards were introduced in the 1950s and refined in the 1970s. The retirement age in China is one of the lowest in the world: 60 years for men and 50 and 55 for women (in addition, they are engaged in physical or office work).

Now in Ik step by step move up to 63 roki for men and 55-58 roki for women. In addition, from 2030 the minimum length of work required to qualify for a pension will be increased from 15 to 20 years.

China still has a complex pension system. The Celestial Empire has a national pension system, voluntary pension insurance for workers and private pension funds. Pensions are increasing significantly depending on the region of the country, and also vary among urban residents and rural residents.

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In addition, people who hesitate to register permanently may and do not withdraw pensions. At the beginning of the 1990s, pensions in China were transferred only to workers in the state sector, then they expanded to other categories of the population, including the people of rural areas, where pension payments were transferred bsp;especially nasty.

Behind the deeds , since the average pension in localities is $450-500, and in such places as Beijing and Shanghai, it is as low as $850, then many villagers will have to deduct less than the basic pension from sizes $25-30.

The average cost of living in China increased from 44 years in 1960 to 78.6 years in 2023. При цьому все частіше говорять про старіння населення країни, а 2022 року населення вперше за 60 років скоротилося.

Раніше BAGNET повідомляв, що у вересні Китай заборонив іноземцям усиновлювати дітей.

Prepared by: Serhiy Daga