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China unveils interim measures for implementing flexible retirement system

News Employment & labor Law & Policy Updates
Date: 1st Jan, 2025 Source: Ministry of Human Resources and Social Security Country: China Original Source

Brief

On January 1, China announced interim measures to implement a flexible retirement system. The measures outline procedures for applying for flexible retirement and requirements for receiving basic pensions. These regulations stipulate the conditions under which individuals can choose to retire early or defer their retirement age beyond the statutory requirement. This policy aims to address the country's aging population and ensure sustainable pension financing.

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Ministry of Human Resources and Social Security

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