DOWNLOAD OUR APP
IndiaOnline playstore
03:14 AM | Thu, 01 Sep 2016

Download Our Mobile App

Download Font

185 Days ago

Beijing: China will set a plan to raise the statutory retirement age in 2017 to relieve pressures from an aging population, a media report said on Sunday.

"The plan is likely to be implemented in 2022 after a five-year transitional period," Jin Weigang, a researcher with the human resources and social security ministry, said on Saturday.

The government is preparing to postpone the retirement age as a shrinking workforce has begun to bite into the country's labour market and pension system, Xinhua news service reported.

he population of people aged between 16-60 fell by 4.87 million to 911 million in 2015, the fourth consecutive year of decline, official data showed.

China's retirement age is 60 for men, 55 for female white-collar workers and 50 for female blue-collar employees. (IANS)

Viewed 54 times
  • SHARE THIS
  • TWEET THIS
  • SHARE THIS
  • E-mail
You might also want to read

Our Media Partners

app banner

REVOLUTIONARY ONE-STOP ALL-IN-1 MARKETING & BUSINESS SOLUTIONS

  • Digital Marketing
  • Website Designing
  • SMS Marketing
  • Catalogue Designing & Distribution
  • Branding
  • Offers Promotions
  • Manpower Hiring
  • Dealers
    Retail Shops
    Online Sellers

  • Distributors
    Wholesalers
    Manufacturers

  • Hotels
    Restaurants
    Entertainment

  • Doctors
    Chemists
    Hospitals

  • Agencies
    Brokers
    Consultants

  • Coaching Centres
    Hobby Classes
    Institutes

  • All types of
    Small & Medium
    Businesses

  • All types of
    Service
    Providers

FIND OUT MORE