MOHRSS: No delayed retirement till 2015

According to the report from the Economic Observer (经济观察报), some specialists said that the China should take methods as soon as possible to increase financial input or allocate the state-owned assets, to make up for the pension gap. In respect of whether to implement a delayed retirement policy in the future and how to learn from foreign experience in this regard, the report urges gradual reform of retirement policy.

An expert from the Ministry of Human Resources and Social Security (MOHRSS) told the Economic Observer that, the delayed retirement policy is only in the research stage at present, further decisions will only be made upon the completion of the reform of the social security system. He said that it can be determined basically that Ministry of Human Resources and Social Security (MOHRSS) will not launch any delay retirement plan during the “12th Five-Year” (2011-2015).

According to the “China pension Development Report 2012” released by the Chinese Academy of Social Sciences Institute, the 2011 pension gap in China was higher than that in 2010, reaching 76.65 billion yuan (US 12.264 billion).

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