Recently, the Government has made public the principle of the delayed retirement policy, which will be implemented gradually. This suggests that delayed retirement policies will become the norm and that enforcement will not be too far away. So why does the government insist on this policy? There are three main reasons.
First of all, the average life expectancy of Chinese people is increasing. With the improvement of quality of life and medical standards, the average life expectancy of Chinese people has reached more than 77 years old, and there are even many centenarians. In the past, people were prescribed to retire at the age of 50-60, because by then many were already weak. However, seniors in this age group today are still healthy and capable of continuing to work. In addition, the younger generation is not very interested in traditional jobs, mostly middle-aged people are engaged in these jobs, and if they retire on a large scale, it will be detrimental to the development of various industries. In fact, many industries are already experiencing labor shortages.
Second, the mainland's retirement policy has not been adjusted for more than 70 years, while developed countries have made many adjustments during this time. The mainland pursues development and progress, and the retirement policy cannot lag behind.
Third, the mainland is facing the problem of aging, with millions of people retiring every year, increasing the government's support burden. If the retirement age can be delayed, these workers will be able to become self-reliant and reduce the government's pension expenses.
For these reasons, the delayed retirement policy has become overwhelming. After listening to the government's principles, it is certain that this new policy will have a relatively small impact on those born in the 70s, because the earliest post-70s have reached retirement age, or are about to reach it. Male workers usually retire at the age of 60, so those who are 52 may have to wait eight years before the new policy is implemented within those eight years. However, if the new policy takes effect before retirement, the retirement age will only be delayed by a few months, according to the principle of slow implementation.
In contrast, the new policy has a greater impact on the post-90s and post-00s, which may cause their retirement age to be delayed by several years. However, there is no need to worry too much, with the improvement of medical standards and the extension of life span, even if you retire at the age of 65, there is still enough time to retire.
Deferred retirement policies may be beneficial for civil servants, employees of state-owned enterprises and other groups. Their jobs are usually less hard, well-paid and stable, and enjoy a decent benefits package. Delaying retirement will not strain their physical and mental health, while continuing to enjoy high benefits and benefits. Some workers also choose to continue contributing to social insurance, which means they will receive a higher pension when they actually retire.
However, for those working in education, the situation is less rosy. The work of a teacher, although considered stable, actually requires considerable physical effort. Every day in class, you need to stand for tens of minutes, usually get up early and stay up late to help students with homework or self-study classes. Many teachers are skeptical of delayed retirement policies because they may not be able to keep up with physical and intellectual demands, which could affect the quality of education. After all, the education industry needs to constantly inject new blood in order to have greater progress and breakthroughs. However, the government has said it will be flexible according to individual physical conditions, allowing people with health problems to retire early.