The retirement age will be raised for men to 63 years old from 60, while for women in white collar work it would be raised to 58 years from 55. For women in blue collar work it will be increased to 55 from 50.
The changes are set to come into force on Jan. 1, 2025 and be implemented over a 15 year period.
Having people work for longer would ease pressure on pension budgets with many Chinese provinces already reeling from large deficits. But delaying pension payouts and requiring older workers to stay at their jobs longer may not be welcomed by all of them.
TFW you combat liberalism and lose
Eh. Gendering it is weird, but with modern life expectancies an increase in pension age is I suppose expected.
This is probably a stupid idea, but I think beyond 60ish we should all be funnelled into roles as stewards of the land. Paid til retirement. Send out a relaxed patrol of older folk with rubbish claws, hedge trimmers, jet washers. No productivity targets or anything. Park ranger type of thing. Have them going about in their golf carts keeping an eye on things, giving out water refills, spreading seeds, collecting scientific data about bugs and whatnot. Rotate the activities. Their job is to make the world whimsical and beautiful. You can't tell me old people wouldn't love that shit. I would love it, even.
People would absolutely love them too. Imagine a bunch of sweet older folk come down and make your street look great. I'd be leaving snacks out for them. Maybe a bugle call for their arrival.
My main issue is that they are doing it completely top down, macron style. Put a vote to unions, would you like to have 30 % tax to fund pensions from 60, or 25% and retirement at 63. Nice easy, everyone happy
The unions are part of the top legislative body.