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Chinese Government Announces Implementation Principles for Delayed Retirement

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In March 12, 2021, the government department announced the "Outline of the 14th Five-Year Plan of the National Economic and Social Development of the People's Republic of China and the Vision 2035", which clearly sets out the principles regarding the implementation of the delayed statutory retirement age. What exactly are the principles involved? in Weigang, director of the China Academy of Labor and Social Security Sciences of the Ministry of Human Resources and Social Security, has also explained the specific meaning of these principles.

Q: What are the specific principles for the implementation of delayed retirement?
A: In accordance with the principles of "Small Step Adjustment, Flexible Implementation, Promotion by Category, Integrated and Balanced", the statutory retirement age will be gradually delayed.

Q: What exactly does "Small Step Adjustment" mean?
A: President Jin said that the Small Step Adjustment means that the delayed retirement reform will not be "in place in one step", but will adopt a gradual reform, with a smaller magnitude of gradual implementation in place, delaying a few months each year or every few months, the pace is generally gentle.

Q: What exactly does "Flexible Implementation" mean?
A: President Jin said that the Flexible Implementation of the delayed retirement will not be a "one-size-fits-all", not that everyone must reach the delayed statutory retirement age to retire, but to reflect a certain degree of flexibility, increasing the space for individuals to choose early retirement on their own.

Q: What does "Promotion by Category" mean specifically?
A: President Jin said that the Promotion by Category is to promote the delayed retirement is not "step by step", but to smoothly connect with the current retirement policy.

Q: What does " Integrated and Balanced " mean specifically?
A: President Jin said, delayed retirement can not "single-handedly advance". Delayed retirement reform is a systemic project, and there are many supporting policies and safeguards related to it, which need to be planned and promoted in a coordinated manner.
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