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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.
Avoiding Mistakes In Required Minimum Distributions (RMD) Generally, retirement account owners who are at least age 70.5 must withdraw required minimum distributions (RMD) from their retirement accounts by Dec 31. In the first RMD year, individuals may be able to defer the RMD to the next year until the required beginning date.