CPC Central Committee: "We will advance reform to gradually raise the statutory retirement age"
Posted: Mon Jul 22, 2024 8:23 pm
https://www.yicaiglobal.com/news/china- ... first-time
China has used the terms "voluntary" and "flexibility" related to delayed retirement for the first time ever in the resolution it adopted at the third plenary session of the 20th Central Committee of the Communist Party of China.
"To actively respond to population aging, we will refine the policies and mechanisms for developing elderly care programs and industries," according to the resolution published yesterday. "We will develop the silver economy and support the creation of diverse jobs tailored to elderly people.
"In line with the principle of voluntary participation with appropriate flexibility, we will advance reform to gradually raise the statutory retirement age in a prudent and orderly manner," the resolution noted.