China Stirs Trouble With Plan to Hike Retirement Age From 60
- Officials may take a gradual approach in face of discontent
- Reforms needed to ensure funding sustainability and growth
Photographer: Greg Baker/AFP/Getty Images
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China is making a new push to raise one of the world’s lowest retirement ages as it tries to cope with a rapidly aging population, a move that’s already fueling public discontent and will test the Communist Party’s ability to implement reforms.
The ruling party alluded to the change earlier this month when it released an outline of its five-year economic plan, which included a recommendation to “implement postponing the retirement age.” Specific measures in the plan are due to be unveiled in March.