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Currently, Chinaâs retirement age is 60 for men, 55 for female white-collar workers and 50 for female blue-collar employees. âThe current policy was formulated about 60 years ago when average life expectancy was relatively low. After so many years, life expectancy has increased,â said Yin.
Starting with people born in 1955, the full retirement age will inch upward, rather than jumping right to 67. A person born in 1955 will have to be 66 and 2 months to be considered at full retirement age, while someone born in 1956 will have to be 66 and 4 months. person born in 1960 or later will not reach full retirement age until 67. For full details, have a look at Social Security's Full Retirement Age table. Despite the increasing age for full retirement benefits, people will still be able to take benefits as early as age 62 â as many people do.