China has announced plans to raise the retirement age for the first time since 1978, as the world’s second-largest economy faces up to a sharply aging population that will leave it short of workers.
The country will gradually extend the retirement age for all men from 60 years old to 63, for women in white-collar jobs from 55 to 58 and for women in blue-collar work from 50 to 55, state-owned news agency Xinhua reported on Friday.
The changes will take effect in January and be phased in over 15 years in line with the principle of “small-step adjustments”, Xinhua said.
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