Quotes
It's important to choose wisely when picking where to retire, as many retirees are on a fixed income. As a result, the best cities for retired people are those that minimize taxes and expenses, as well as have good opportunities for retirees to continue paid work for extra income if they choose to do so. In addition, the top cities provide high-quality health care and offer plenty of enjoyable activities for retirees."
Chip Lupo, WalletHub Analyst, told Newsweek This is the first time that our country has made clear regulations on the protection of the labour rights and interests of over-age workers. It will resolve problems such as the inability to implement the protection of the rights and interests of over-age workers in the past,
We all thought the retirement age would be increased to 65 for both males and females,
If we read the proposal carefully, it is not just about the retirement age - it also increases the minimum number of years of contribution from 15 to 20 to be eligible for pension,
It’s slow and steady. There are many workers who are still against the retirement age extension. A slow pace makes it easier for people to accept and for the labour market to adjust,
Many provinces do not have enough current contributions to pay for current expenditures. They have to rely on subsidies or transfers from the central government to make up the shortfall,
At 40, you can no longer find a job. At 60, you still can’t retire. The post-80s generation is bearing it all,
This has to do with the rapidly ageing population, together with declining numbers of younger people contributing to social security,
Because of unhappiness and resistance from society, nothing happened,
Raising the retirement age has been discussed for many years, and the public is already aware of it,
The Chinese government still needs to increase the country’s fertility rate to solve the problem in the long term,
By the time I’m 60, will the retirement age be pushed to 80? You can never catch up to the retirement age.”
What a miserable year! Middle-aged workers are faced with pay cuts and raised retirement ages. Those who are unemployed find it increasingly difficult to get jobs,
Men in most European countries retire when they are 65 or 67, while women do at 60. This is going to be the trend in our country as well,
In the next 10 years, there will be another bill that will delay retirement until we are 80,
one user wrote on a Chinese social media site Weibo The plan might be unpopular but provides much-needed certainty and is good for China's long-term economic future,
Tianchen Xu, senior economist at The Economist Intelligence Unit told CNBC As long as we still get to choose whether or not we actually retire, I have no objections."
But some hinted obliquely at dismay with the decision, with one user quipping Starting 2030, the minimum year of basic pension contributions required to receive monthly benefits will be gradually raised from 15 years to 20 years at the pace of an increase of six months annually,
The statutory retirement age for male workers will be gradually extended from the original 60 years to 63 years,
a decision by Beijing officials shared by Xinhua said This reform will adapt to the objective situation of our country's widespread increase in life expectancy and years of education,
an article in the People's Daily newspaper said this week