Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world’s major economies, in an effort to address its shrinking population and aging work force. The Standing Committee of the National People’s Congress, the country’s legislature, passed the new policy Friday after a sudden announcement earlier … Read more
China is the latest in a slew of countries planning to gradually raise the statutory retirement age as an aging world population is forcing governments to reform their pension plans. Delaying retirement also “makes sense” and could have “a lot of benefits” in other countries, including Canada as the country grapples with labour shortages and … Read more
The age at which people in the UK can access the state pension keeps rising. Economists say it is inevitable that young people entering the workforce now will need to keep working into their 70s to start tapping the social safety net. Every time the pension age inches upwards, more people find themselves stranded if … Read more
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