beijing20 minutes ago
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The pension taking population in China has crossed 30 crores. Because of this the government has to pay more pension.
Preparations are now being made to increase the retirement age in China. There, fewer children are being born and the elderly population is increasing. Because of this, there are fewer people willing to work in the country. Looking at the situation, the Chinese government has decided to increase the retirement age.
According to a BBC report, this new proposal was approved in a meeting of the top leadership of the Communist Party in China. After the implementation of this proposal, the retirement age in China may increase by 10 years. However, this will be implemented gradually in several phases.
China is one of those countries in the world where the retirement age is quite low. In China, men retire at 60 years and women at 55 years. Women who are involved in hard work get retirement at the age of 50.
China has also left America behind in terms of living longer.
China’s pension-receiving population crossed 300 million
Life expectancy in China (living longer) has now become more than that in America. According to the World Bank report, life expectancy in China has reached 78 years. At the time of the Communist revolution in 1949, it was only 36 years. Life expectancy in America is 76 years.
The China Pension Development Report says that the retirement age should be at least 65 years. It should be the same for men and women.
According to a BBC report, the pension-receiving population in China has crossed 30 crores. Due to this, the government has to pay more pension. The government thinks that this money should be given to the people in the form of salary, so that work can be taken in return. However, many people have expressed doubts on the Chinese government’s plan to increase the retirement age. A user has written on Chinese social media that people who want to retire early are tired of their difficult jobs.
On the other hand, those who are doing comfortable jobs do not need to retire early. There are very few comfortable jobs in the country and retiring late means that there will be a delay in getting pension, most people will not be able to spend their old age properly.
Retirement age increased in many countries of the world
There are many countries around the world that are considering increasing the retirement age due to low population growth and a decrease in the number of working people. There are many countries that have also made changes regarding this.
In countries like Denmark, Greece, Italy, Iceland, Israel, the maximum retirement age is 77 years. In America, this age is 66 years. However, for people born after 1960, this retirement age has been increased to 67 years.
Sri Lanka increased the retirement age, Thailand is also considering it
The retirement age in Sri Lanka was 55 years, which was increased to 60 years in 2022. Currently, the lowest retirement age in Thailand is 55 years. The elderly population in Thailand has increased to more than 20%. In such a situation, increasing the retirement age is being considered here.
In France, the retirement age was raised from 62 to 64 in 2023, after which there were many protests. However, the Macron government did not back down from its step. Currently, the retirement age in Britain is 66 years. In Britain, the retirement age will be raised to 67 between 2026 and 2028 and then to 68 between 2044 and 2046.
In France, people angry over the increase in retirement age in 2023 protested for several days.
Different ages of retirement in India
Retirement age is not uniform in India. In many central government jobs, the retirement age is 60 years, while in state governments it is 58 to 60 years. In many states, there has been a demand from the government to increase the retirement age.
In India, the retirement age of a Supreme Court judge is 65 years, while for university teachers it is 62 years. Earlier the retirement age in India was 60 years, but in the 60s it was reduced to 58 years. In May 1998, the central government increased the retirement age of central government employees from 58 to 60.
Retirement age is not uniform in India. In some jobs, employees retire at 58 years of age and in some jobs at 65 years of age.
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