Chinese experts have proposed raising the pension age to 65 to ease the financial burden on the government, as the ageing population increased dramatically in the world's most populous nation.
The new scheme suggests that the initial pension age for both men and women should be raised to 65 from the current retirement age of 60 for men and 50 for women.
The age of 65 was chosen based on the pace of ageing in China but could be adjusted for labourers undertaking especially arduous work, Yang Yansui, an expert from Tsinghua University said.
China will become a ‘super ageing society’ by 2035, which means every two workers will need to support one elderly person, she was quoted as saying by the People's Daily. The scheme, drafted by experts from Tsinghua University, was unveiled on 12 August.
The new scheme suggests that the initial pension age for both men and women should be raised to 65 from the current retirement age of 60 for men and 50 for women.
The age of 65 was chosen based on the pace of ageing in China but could be adjusted for labourers undertaking especially arduous work, Yang Yansui, an expert from Tsinghua University said.
China will become a ‘super ageing society’ by 2035, which means every two workers will need to support one elderly person, she was quoted as saying by the People's Daily. The scheme, drafted by experts from Tsinghua University, was unveiled on 12 August.