Retirement ages are different for different countries. The pension plans operating in different countries too may experience variation. As far as the retirement ages in China are concerned, they depend on the rules that are framed by the government.

As per the rules made by the Chinese government, the women who are working for the government institutions or organizations retire at 55 years of age, whereas the men get their retirements at the time when they are 60 years of age. As far as the people engaged in blue collar jobs are concerned, females get retired at 50 years while males retire at 55 years of age.

Though the legal age of retirement as per the Chinese government is 55 years for females and 60 years for males but several employees belonging to the state enterprises may get retired during their 40s as well as 50s. This provision is made for creating new openings for the upcoming graduates every year. Talking of the average age of retirement, it is 51.2 years in China which is 10 years less as compared to world’s average.

The Chinese government though may increase the retirement ages for reducing the burden that is often related to the ageing societies but there are certain officials who think that doing so may worsen the condition of unemployment. They claim that if the workers would retire at much higher age then it might create problems for the younger people graduating every year. So what the government needs is the right balance between unemployment and the pension funds requirements. Reemployment is one probable solution to this problem.

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