Chinese lawmakers have voted to gradually raise the statutory retirement age, the first adjustment to the retirement policy since the 1950s. The change will unfold over a 15-year period, starting in 2025.
Under the new policy, the retirement age for men will increase from 60 to 63, with a one-month increase every four months. For women, the retirement age will vary by occupation: female cadres will see their age rise from 55 to 58, while female blue-collar workers will have their age raised from 50 to 55. Women cadres will follow the same gradual pace as men, but female blue-collar workers will see a faster progression, with a one-month increase every two months.
<img src='https://news.cgtn.com/news/2024-09-14/Chart-of-the-Day-How-China-will-raise-its-retirement-age-1wTf1mAcFEc/img/d9b1b8f733544fafac2a146174941c57/d9b1b8f733544fafac2a146174941c57.jpeg' alt=''
Additionally, individuals will have the option to retire up to three years earlier than the statutory retirement age after meeting the minimum pension contribution requirements, although they cannot retire earlier than the previous statutory age.
