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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.
In 2014, full retirement age is 66 or older. If someoneâs full retirement age is 66 and they choose to begin Social Security retirement benefits at age 62, they will receive approximately a 25 percent reduction in the benefit amount they would have received at age 66, and this reduction continues for their life.or each year after 1954, the full retirement age is increased by 2 months until age 67 is reached for all born in 1960 and later. For example, for someone born in 1955, their full retirement age is 66 years and 2 months. Born in 1956, their full retirement age is 66 years and 4 months.