Senator proposes raising age to 68 for Social Security
Raising the statutory retirement age can mitigate China's declining working-age population and sustain the momentum and vitality of social and economic development, said Zhao Zhong, dean of the School of Labor and Human Resources at Renmin University of China. Following the decision, people will be...
There have been a number of proposals in policy circles that involve raising the Social Security retirement age. This is viewed as both a way to reduce or eliminate the projected shortfall in the program and also a response to projected increases in longevity. This paper examines the impact of...
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Another policy implication is that raising the official pension age can help the current social security crisis in the short run, but it cannot effectively help in the long run,References (10) J.I. Conde-Ruiz et al. The macroeconomics of early retirement J. Public Econ. (2004) L. Fanti...
1) Social Security exists to prevent people from outliving their means of supporting themselves. The core program is for Old Age and Survivors Insurance. None of the ages being discussed — 62, 65, 67, even 70 when all age-related aspects of the program max out — constitute old age. Wh...
In response to an aging population, some countries are considering raising the retirement age. What is the main purpose of this measure? A. To reduce government spending. B. To increase the number of retirees. C. To provide more job opportunities for the young. D. To E. nsure the ...
According to the decision, the statutory retirement age for men will be gradually raised from 60 to 63 over the course of 15 years starting 2025, while that for women cadres and women blue-collar workers will be raised from 55 to 58 and from 50 to 55, respectively. ...
BEIJING (AP) — Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world’s major economies, in an effort to address its shrinking population and aging work force. The Standing Committee of the N...