China has “gradually raised” the retirement age for the first time since the 1950s, citing the country’s aging population and dwindling pension budgets.
It has also been raised from 55 to 58 for women in education and research related fields.
At the same time, the retirement age for men has been raised from 60 to 63. China’s current retirement age is one of the lowest in the world. According to the decision passed today, the change will start from January 1, 2025, and the retirement age will increase by a certain month in the next 15 years, according to Chinese state media.
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From 2030, workers will have to contribute more to the social security system to receive pensions.
They will be required to make 20 years of contributions to reach their pension in 2039. In the next decade, about 300 million people aged 50 to 60 are expected to leave China’s workforce.
This makes it the largest age group in the country and is roughly equivalent to the population of the United States.
In Debre Markos City Administration, Kebele 01, the special place of the old cattle turn area, a person named Le Alem Ashebar, who had rented a dorm for 10 years, killed a 7-year-old child named Nati Solomon with a knife and stabbed and injured a child of the same age named Absalom Mamarun.
When he tried to escape, he was attacked and died, Commander Bimere Asefa, the head of the police department of Debre Markos city administration, said.
They explained that baby Abiselom Mamaru has been admitted to Debre Markos Referral Hospital and is receiving medical help and that they are investigating further circumstances related to the case.