China's government is poised to raise the retirement age, aiming to address labor force decline while balancing economic pressures, set to take effect on Jan 1, 2025.
The new policy will extend men's retirement age to 63 and women's to 58 over 15 years, as part of efforts to bolster a shrinking workforce.
Despite these changes, public response reflects deep concerns about job discrimination against older individuals, amidst a tough economic climate.
Historically low retirement ages in China, combined with a rapidly aging population, necessitate these reforms to sustain economic stability and reduce pension funding pressures.
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