About Retirement

Sep 14, 202421

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The Ministry of Human Resources and Social Security announced a gradual increase in the statutory retirement age. Starting January 1, 2025, the retirement age for male workers will be raised from 60 to 63, with a delay of one month every four months. For female workers, the retirement age will increase from 55 to 58, and from 50 to 55, with similar delays. There are concerns about employment opportunities for younger workers as older employees will be staying in the workforce longer.

The Ministry of Human Resources and Social Security stated that the gradual delay of the statutory retirement age adheres to small adjustments and gradual implementation. Starting from January 1, 2025, for male employees with the original statutory retirement age of 60 years, the statutory retirement age will be delayed by 1 month every 4 months, gradually extending to 63 years; for female employees with the original statutory retirement age of 55 years, the statutory retirement age will be delayed by 1 month every 4 months, gradually extending to 58 years; for female employees with the original statutory retirement age of 50 years, the statutory retirement age will be delayed by 1 month every 2 months, gradually extending to 55 years.

I just want to ask, has anyone considered the employment issue? If they do not retire, how can we take up positions, and how can there be suitable positions?