China has raised its retirement age. How does this compare to other countries?
These changes will take place gradually over the next 15 years, starting January 1, 2025. On the same date in 2030, the country’s minimum period for pension contributions will also steadily lengthen, from 15 to 20 years.
China’s previous retirement ages were significantly lower than those in most developed economies, with the average retirement age in Organization for Economic Co-operation and Development member countries recorded at 63.6 years for women and 64.4 years for men in 2022.
Below are the retirement ages of a selection of countries from that bracket, as well as recent changes they have made – all, notably, in the upwards direction.