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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.
deferred, there are rules and restrictions if you retire before a specified age and withdraw money from your account prior to. age 59 Â½ . The TSP is unique in that any Federal employee who retires in the calendar year in which they are 55 or later can. access any and all money in their TSP account without penalty. However, if you retire prior to the year in which you are age. 55 there is a 10% early withdrawal penalty on all withdrawals prior to age 59 Â½ unless you withdraw funds based on. actuarially projected life expectancy.