China raises retirement age amid aging population, dwindling pension
By Karah Rucker (Anchor/Reporter), Zachary Hill (Video Editor)
In a major policy shift, China will increase its retirement age for the first time in 70 years. This change comes as the country grapples with an aging population and a dwindling pension fund.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
China is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Associated Press NewsChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on abc NewsFor decades, Chinese workers have retired relatively early. That’s about to change
Click to see story on CNNChina announces new retirement ages, plans to foster ‘new culture of marriage and child-bearing’
Click to see story on ABC AustraliaChinese must work longer
Click to see story on Sueddeutsche ZeitungChina Approves Plan for First Hike to Retirement Age Since 1978
Click to see story on BloombergChina to raise its retirement age for the first time in decades
Click to see story on Business InsiderChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Sask TodayDemographics: China decides to raise retirement age
Click to see story on Zeit OnlineChina set to raise retirement age as demographic crisis looms
Click to see story on Le MondeChina’s legislature approves raising the retirement age, now among world lowest for major economies
Click to see story on SooToday.comChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Barrie TodayChina raises retirement age
Click to see story on SpiegelChina to Raise Retirement Age to Address Declining Workforce
Click to see story on Time MagazineChinese people will also have to work longer, pension age increased by three years
Click to see story on NRC HandelsbladChina to raise retirement age to 63 as ageing population puts pressure on economy, healthcare systems
Click to see story on Hong Kong Free PressChina mulls raising retirement age as it confronts shrinking workforce
Click to see story on SemaforChina will raise the retirement age for the first time in more than half a century
Click to see story on censor.netChina to raise retirement age for first time since 1950s
Click to see story on BBC NewsChina approves plan to raise retirement age from January 2025
Click to see story on ReutersChina raises retirement age by up to 5 years in face of ageing population
Click to see story on South China Morning PostChina’s legislature approves draft proposal to raise retirement age
Click to see story on Channel News AsiaChina, progressive increase in the retirement age from 2025
Click to see story on ANSAChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on KOB 4China’s top lawmakers set to raise retirement age to handle shrinking workforce born of collapsing birthrate
Click to see story on FortuneChina raises the retirement age
Click to see story on yleHeadline Unavailable
Click to see story on Financial TimesChina to raise retirement age as demographic crisis looms
Click to see story on New Strait TimesChina To Raise Retirement Age As Demographic Crisis Looms
Click to see story on Barron'sChina raises retirement age for first time in nearly half a century: ‘Situation is untenable’
Click to see story on vrtChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Financial PostChina will gradually raise the retirement age
Click to see story on Le FigaroChina raises retirement age as workforce shrinks
Click to see story on NikkeiChina to raise retirement age as workforce shrinks, aging population grows
Click to see story on Seeking AlphaChina increases the retirement age to 63 for men and 55 or 58 for women
Click to see story on Neue Zürcher ZeitungChina pushes back retirement age by up to five years to address aging population
Click to see story on El UniversoRight
Untracked Bias
China is raising the retirement age for the first time since 1950. Life expectancy increased from 44 to 78 years
Click to see story on AdevarulChina raises retirement age for first time since 1978
Click to see story on Het NieuwsbladChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on My Mother LodeChina to gradually raise retirement age
Click to see story on EcnsChina Raises Retirement Age: Navigating an Aging Workforce Crisis | Science-Environment
Click to see story on DevdiscourseChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Newmarket TodayChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Collingwood TodayChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Thorold TodayChina raises retirement to five years due to the pressure of an aging population and the recession
Click to see story on EL ESPAÑOLChina raises retirement to 5 years due to the pressure of an aging population
Click to see story on El TiempoChina raises legal retirement age
Click to see story on stol.itChina raises retirement age for the first time since 1978
Click to see story on Folha de S.PauloChina raises retirement age for first time since 1950s
Click to see story on Capital FM KenyaChina will raise the retirement age for the first time since the 1950s
Click to see story on Il PostRetirement provision: China’s pension time bomb continues to tick
Click to see story on wiwo.deChina is raising its retirement age, now among the youngest in the world’s major economies – The Morning Sun
Click to see story on Morning SunChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on WBALChina Raises Retirement Age. They Have a Similar Problem to Poland
Click to see story on Business Insider (Poland)China Raises Retirement Age
Click to see story on DRIn China, women should now retire at 58 and men at 63
Click to see story on der Standard DEDemographic problems increase in China: they raise the retirement age by 5 years – Elnacional.cat
Click to see story on ElNacional.catChina to raise the retirement age for the first time since 1978
Click to see story on L'OpinionChina raises retirement age as workforce shrinks
Click to see story on BizTocChina approves a law to raise the retirement age, which is among the lowest in major economies | Agencies | The Voice of the Interior
Click to see story on La VozChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on ElliotLakeToday.comChina to raise retirement age as demographic crisis looms
Click to see story on Insider PaperA first since the 1950s: Retirement age to be raised in China
Click to see story on Arti Gerçek‘When can I get my pension?’ Chinese process rise in retirement age
Click to see story on FOX 28 SpokaneChina Raises Retirement Age For First Time In 70 Years
Click to see story on money.plChina will delay retirement age by up to 5 years as its population ages
Click to see story on naiz:China raises the retirement age, to cope with an increasingly disquieter demography
Click to see story on Scenarieconomici.itChina: Population decline will lead to an increase in the retirement age
Click to see story on newsbreakChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on The NOTL LocalApproval of retirement age extension in China
Click to see story on وی او اےChina intends to raise the retirement age for the first time since the 1950s – The analytical online magazine Vlast
Click to see story on vlast.kzChina Raises Retirement Age to Address Aging Workforce and Declining Population
Click to see story on The World ReviewsChina mulls delaying retirement age amid shrinking working population
Click to see story on einnews.comChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Oakville NewsChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Western InvestorChina to raise retirement age as demographic challenges loom
Click to see story on Macau BusinessChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on fitzhugh.caChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on burlingtontoday.comChina raises retirement age for first time in 46 years – Bloomberg HT
Click to see story on bloomberght.comChina To Gradually Raise Retirement Age As Workforce Shrinks
Click to see story on stratnewsglobal.comAging population forces China to evaluate raising retirement age
Click to see story on CatholicVote orgChina raises retirement age for first time since 1950s
Click to see story on risingnepaldaily.comChina Plans to Raise Record Low Retirement Age
Click to see story on kvartal.seChina to raise retirement age as demographic crisis looms | Fox 11 Tri Cities Fox 41 Yakima
Click to see story on fox41yakima.comChina’s legislature approves raising the retirement age, now among world lowest for major economies
Click to see story on pelhamtoday.caCurrently, China’s retirement ages are among the lowest in the world. On Friday, Sept. 13, China’s top legislative body approved a plan to gradually raise the statutory retirement age starting next year.
Under the new policy, men will see their retirement age climb from 60 to 63, while women in blue-collar jobs will retire at 55, up from 50. Women in white-collar positions will retire at 58, instead of 55. The change will be phased in over the next 15 years.
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The policy aims to address the rapid depletion of the pension fund. By 2035, China’s state pension fund is projected to run out of money, according to the state-run Chinese Academy of Social Sciences.
China’s working-age population has been shrinking since 2012 and is expected to continue declining. Over the next decade, about 300 million people are set to leave the Chinese workforce, nearly the size of the entire U.S. population.
Other measures included in the plan are an increase in workers’ contributions to the pension system by 2030 and a requirement of at least 20 years of contributions to access pensions by 2039. Retiring before the new statutory age will be prohibited unless an individual meets the new contribution requirements.
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The previous retirement age was established in the 1950s, when life expectancy was around 40 years. Policymakers say the increase in retirement age is necessary to stabilize the economy and preserve the pension fund. However, the changes have not been well-received by the public, as the new law was quietly introduced and passed within days.
The issue of retirement age is not unique to China; it is also a topic of discussion in the United States, where it has been a subject of debate ahead of this year’s presidential election.
Karah Rucker
IN A MAJOR POLICY SHIFT –
CHINA IS SET TO INCREASE ITS RETIREMENT AGE FOR THE FIRST TIME IN 70 YEARS.
THIS CHANGE COMES AS THE COUNTRY GRAPPLES WITH AN AGING POPULATION AND A DWINDLING PENSION FUND.
CURRENTLY – CHINA’S RETIREMENT AGES ARE AMONG THE LOWEST IN THE WORLD.
ON FRIDAY –
CHINA’S TOP LEGISLATIVE BODY APPROVED A NEW PLAN TO GRADUALLY RAISE THE STATUTORY RETIREMENT AGE STARTING NEXT YEAR.
UNDER THE NEW POLICY –
MEN WILL SEE THEIR RETIREMENT AGE CLIMB FROM 60 TO 63 –
WHILE WOMEN IN BLUE-COLLAR JOBS WILL HAVE TO WORK UNTIL THEY’RE 55 – UP FROM 50.
AND WOMEN IN WHITE-COLLAR POSITIONS WILL RETIRE AT 58, INSTEAD OF 55.
THE CHANGE WILL BE PHASED IN OVER THE NEXT 15 YEARS.
THE POLICY AIMS TO ADDRESS A PRESSING ISSUE:
A RAPID DEPLETION OF THE PENSION FUND.
BY 2035, CHINA’S STATE PENSION FUND IS PROJECTED TO RUN OUT OF MONEY –
ACCORDING TO THE STATE-RUN CHINESE ACADEMY OF SOCIAL SCIENCES.
CHINA’S WORKING-AGE POPULATION HAS BEEN SHRINKING SINCE 2012 –
AND IS EXPECTED TO ONLY GET WORSE.
OVER THE NEXT DECADE – ABOUT 300 MILLION PEOPLE ARE SET TO LEAVE THE CHINESE WORKFORCE.
THAT’S NEARLY THE SIZE OF THE ENTIRE U.S. POPULATION.
OTHER MEASURES INCLUDED IN THE PLAN INCLUDE –
WORKERS **CONTRIBUTION AMOUNTS INTO THE SOCIAL SECURITY SYSTEM WILL ALSO INCREASE BY 2030.
AND IN 2039 –
A MINIMUM OF 20 YEARS OF CONTRIBUTIONS WILL BE REQUIRED IN ORDER TO ACCESS PENSIONS.
RETIRING BEFORE THE NEW STATUTORY AGE –
WILL BE PROHIBITED – UNLESS AN INDIVIDUAL MEETS THE NEW CONTRIBUTION REQUIREMENTS.
THE PREVIOUS RETIREMENT AGE WAS SET IN THE 1950’S –
WHEN LIFE EXPECTANCY WAS ONLY AROUND 40 YEARS.
POLICY MAKERS SAY THE RETIREMENT AGE INCREASE IS NECESSARY IN ORDER TO STABILIZE THE ECONOMY AND SAVE A DWINDLING PENSION POT.
BUT THAT DOESN’T MEAN THE CHANGES ARE BEING WELCOMED BY ITS PEOPLE –
AS THE NEW LAW WAS QUIETLY INTRODUCED THIS WEEK BEFORE BEING PASSED JUST DAYS LATER.
THE ISSUE OF RETIREMENT AGE ISN’T EXCLUSIVE TO CHINA.
IT’S ALSO AN ISSUE ON THE RADAR OF MANY AMERICANS –
A TOPIC THAT’S BEEN UP FOR DISCUSSION AHEAD OF THIS YEAR’S PRESIDENTIAL ELECTION.
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Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
China is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Associated Press NewsChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on abc NewsFor decades, Chinese workers have retired relatively early. That’s about to change
Click to see story on CNNChina announces new retirement ages, plans to foster ‘new culture of marriage and child-bearing’
Click to see story on ABC AustraliaChinese must work longer
Click to see story on Sueddeutsche ZeitungChina Approves Plan for First Hike to Retirement Age Since 1978
Click to see story on BloombergChina to raise its retirement age for the first time in decades
Click to see story on Business InsiderChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Sask TodayDemographics: China decides to raise retirement age
Click to see story on Zeit OnlineChina set to raise retirement age as demographic crisis looms
Click to see story on Le MondeChina’s legislature approves raising the retirement age, now among world lowest for major economies
Click to see story on SooToday.comChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Barrie TodayChina raises retirement age
Click to see story on SpiegelChina to Raise Retirement Age to Address Declining Workforce
Click to see story on Time MagazineChinese people will also have to work longer, pension age increased by three years
Click to see story on NRC HandelsbladChina to raise retirement age to 63 as ageing population puts pressure on economy, healthcare systems
Click to see story on Hong Kong Free PressChina mulls raising retirement age as it confronts shrinking workforce
Click to see story on SemaforChina will raise the retirement age for the first time in more than half a century
Click to see story on censor.netChina to raise retirement age for first time since 1950s
Click to see story on BBC NewsChina approves plan to raise retirement age from January 2025
Click to see story on ReutersChina raises retirement age by up to 5 years in face of ageing population
Click to see story on South China Morning PostChina’s legislature approves draft proposal to raise retirement age
Click to see story on Channel News AsiaChina, progressive increase in the retirement age from 2025
Click to see story on ANSAChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on KOB 4China’s top lawmakers set to raise retirement age to handle shrinking workforce born of collapsing birthrate
Click to see story on FortuneChina raises the retirement age
Click to see story on yleHeadline Unavailable
Click to see story on Financial TimesChina to raise retirement age as demographic crisis looms
Click to see story on New Strait TimesChina To Raise Retirement Age As Demographic Crisis Looms
Click to see story on Barron'sChina raises retirement age for first time in nearly half a century: ‘Situation is untenable’
Click to see story on vrtChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Financial PostChina will gradually raise the retirement age
Click to see story on Le FigaroChina raises retirement age as workforce shrinks
Click to see story on NikkeiChina to raise retirement age as workforce shrinks, aging population grows
Click to see story on Seeking AlphaChina increases the retirement age to 63 for men and 55 or 58 for women
Click to see story on Neue Zürcher ZeitungChina pushes back retirement age by up to five years to address aging population
Click to see story on El UniversoRight
Untracked Bias
China is raising the retirement age for the first time since 1950. Life expectancy increased from 44 to 78 years
Click to see story on AdevarulChina raises retirement age for first time since 1978
Click to see story on Het NieuwsbladChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on My Mother LodeChina to gradually raise retirement age
Click to see story on EcnsChina Raises Retirement Age: Navigating an Aging Workforce Crisis | Science-Environment
Click to see story on DevdiscourseChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Newmarket TodayChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Collingwood TodayChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Thorold TodayChina raises retirement to five years due to the pressure of an aging population and the recession
Click to see story on EL ESPAÑOLChina raises retirement to 5 years due to the pressure of an aging population
Click to see story on El TiempoChina raises legal retirement age
Click to see story on stol.itChina raises retirement age for the first time since 1978
Click to see story on Folha de S.PauloChina raises retirement age for first time since 1950s
Click to see story on Capital FM KenyaChina will raise the retirement age for the first time since the 1950s
Click to see story on Il PostRetirement provision: China’s pension time bomb continues to tick
Click to see story on wiwo.deChina is raising its retirement age, now among the youngest in the world’s major economies – The Morning Sun
Click to see story on Morning SunChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on WBALChina Raises Retirement Age. They Have a Similar Problem to Poland
Click to see story on Business Insider (Poland)China Raises Retirement Age
Click to see story on DRIn China, women should now retire at 58 and men at 63
Click to see story on der Standard DEDemographic problems increase in China: they raise the retirement age by 5 years – Elnacional.cat
Click to see story on ElNacional.catChina to raise the retirement age for the first time since 1978
Click to see story on L'OpinionChina raises retirement age as workforce shrinks
Click to see story on BizTocChina approves a law to raise the retirement age, which is among the lowest in major economies | Agencies | The Voice of the Interior
Click to see story on La VozChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on ElliotLakeToday.comChina to raise retirement age as demographic crisis looms
Click to see story on Insider PaperA first since the 1950s: Retirement age to be raised in China
Click to see story on Arti Gerçek‘When can I get my pension?’ Chinese process rise in retirement age
Click to see story on FOX 28 SpokaneChina Raises Retirement Age For First Time In 70 Years
Click to see story on money.plChina will delay retirement age by up to 5 years as its population ages
Click to see story on naiz:China raises the retirement age, to cope with an increasingly disquieter demography
Click to see story on Scenarieconomici.itChina: Population decline will lead to an increase in the retirement age
Click to see story on newsbreakChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on The NOTL LocalApproval of retirement age extension in China
Click to see story on وی او اےChina intends to raise the retirement age for the first time since the 1950s – The analytical online magazine Vlast
Click to see story on vlast.kzChina Raises Retirement Age to Address Aging Workforce and Declining Population
Click to see story on The World ReviewsChina mulls delaying retirement age amid shrinking working population
Click to see story on einnews.comChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Oakville NewsChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on Western InvestorChina to raise retirement age as demographic challenges loom
Click to see story on Macau BusinessChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on fitzhugh.caChina is raising its retirement age, now among the youngest in the world’s major economies
Click to see story on burlingtontoday.comChina raises retirement age for first time in 46 years – Bloomberg HT
Click to see story on bloomberght.comChina To Gradually Raise Retirement Age As Workforce Shrinks
Click to see story on stratnewsglobal.comAging population forces China to evaluate raising retirement age
Click to see story on CatholicVote orgChina raises retirement age for first time since 1950s
Click to see story on risingnepaldaily.comChina Plans to Raise Record Low Retirement Age
Click to see story on kvartal.seChina to raise retirement age as demographic crisis looms | Fox 11 Tri Cities Fox 41 Yakima
Click to see story on fox41yakima.comChina’s legislature approves raising the retirement age, now among world lowest for major economies
Click to see story on pelhamtoday.caVOTE WITH THE UNBIASED, STRAIGHT FACTS.™
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