China intends to gradually reduce the retirement age by 5 years over the next five years

Video: China intends to gradually reduce the retirement age by 5 years over the next five years

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

Now in the PRC there is a 60/55 pension system, traditional for socialist countries, but the government announced back in 2014 about plans to revise it based on scientific research. According to Chinese scientists, work after 55 years for men and after 50-52 for women often leads to overwork and depressive disorders.

By 2022, the PRC intends to gradually reduce the retirement age by 5 years. In a press release from the Communist Party about such a decision, it is said that one should not worry about the possible consequences for the economy: “In the age of technology, when machines can increasingly replace hard human labor, any state is obliged to take care of the rest of its citizens and gradually improve their living conditions and labor.

In addition to lowering the retirement age, the Chinese government intends to encourage those who will still work after retirement. In this case, the Chinese take an example from neighboring North Korea, where each working pensioner receives an increase of 225 thousand won ($ 250) per month, then 400 thousand won ($ 450), and from 70 years onwards - in the amount of 540 thousand won ($ 600) monthly with an annual subsidy equivalent to $ 2,000 for overseas travel. China plans to make a complete analogue of this system and reach similar benefits for pensioners by 2025.

“The old people from the DPRK in retirement watch the world, relax in friendly and distant countries. Our retirees deserve to live no worse than their North Korean comrades,”the Chinese government said.

By the way, free coverage of citizens in the DPRK also applies to education, medical care and housing programs. The focus of the interest of the world community is the usefulness and universality of measures carried out by the state in these areas.

The system of universal compulsory free education: the full right to study, the implementation of all students' curricula, the provision of state scholarships to students.

There is not even a clue about the payment for registration in educational institutions, about the monthly tuition fee in the DPRK, as well as in the USSR.

The list of free universal health care includes medical examination, examination, diagnosis, treatment, surgery, bed rest, medication delivery, obstetric care in Pyongyang and other best maternity hospitals, and much more. The state heals in the DPRK and every citizen of the Republic feels it well.

Dwelling houses built at the expense of the state are provided free of charge to workers, employees and even peasant cooperators.

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