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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.
China will gradually raise its statutory retirement age over the coming years in a bid to combat the effects of an aging population. Yin Weimin, minister of human resources and social security, told a news conference on Feb 29 that the current retirement policy âseems to be out of dateâ.