By suggesting, last September, that retirement should be increased, Dai Xiangiong, chairman of the board of the Chinese social security fund, sparked off a debate on the internet, showing a wide gap. The fact remains that demographic ageing is going to put a lot more weight on the young old-age insurance scheme (set up in 1997, it hasn’t had time to make provisions) than it can handle. (Ref. 130670)
There are two sides: executives and employees with a certain level of responsibility, rather in favor, and blue-collar workers and low-paid employees, who want to stop working at the current retirement age.
Flexible retirement scheme in Shanghai. Retirement age hasn’t changed in more than 30 years. In keeping with a document from the State Council dating back to 1978, generally speaking, it is 60 years old for men, and 50 for women with a blue-collar status or 55 for executives. For employees
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