ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperOpinion / Opinion LineEditorialsOp-EdColumnistsContributorsCartoonsSpecialsFrom the PressForum TrendsTalk from streetDebateEditors Pick:Syrian refugeescyberspaceV-Day paradeshrimp scandalTPPRetirement at later ages can cover social needs but not social divide(China Daily) Updated:2015-03-13 10:24Comments Print Mail Large Medium SmallAn elderly man sips tea and sits on a warm afternoon in Shanghai, Feb 2, 2015. [Photo/IC]At a recent news conference at the National Peoples Congress, Yin Weimin, minister of Human Resources and Social Security, said that the ministry expects to draft a policy on later retirement ages this year and will submit it to the central leadership next year; it hopes to make a formal plan in 2017 and implement it in another five years. He said this is in order to fill in the gap of social security fund. Comments:The minister said that by delaying the retirement age the ministry aims to lessen the pressure on State finance, because the move will cut its spending while increasing its income. Thats a good deal for the State, but what about the ordinary working people, who will have to work extra years? Long gone are the days when people sacrificed for the State without any complaint; if bureaucrats need the people to contribute more, please bargain and persuade them before making any draft plan.
Yangcheng Evening News, March 12
Currently the burden on ordinary working people who have to pay for their own social security is already heavy. The employee and the employer combined must pay 28 percent of his salary into the social security fund, yet all he gets after retirement is a pension that is less than 50 percent of it. Delayed retirement might make this burden heavier – thats why people oppose this plan.
Beijing Youth Daily, March 11
The ministry said it would draft the plan, submit to the central leadership for approval, then seek opinions from the whole society. The problem is, retirement is something concerned with the interests of almost every member of society, the authorities need to get peoples opinions first before drawing up a draft. We expect the National Peoples Congress could intervene by discussing the issue first; only on its conclusions should the ministry draft the plan.
Beijing News, March 11
Media surveys show the initiative for delaying retirement has aroused nationwide opposition from the ordinary working people. Why? Their main anger comes from unfairness in the old pension system, namely that officials get big pensions without paying much for social security, while ordinary workers shoulder the burden of social security without getting much pension. The ministry had better solve this unfairness before drafting a plan that more deeply exploits the working population.
Southern Metropolis Daily, March 118.03KRelated StoriesIncrease in retirement age to cover pension gapSocial consensus must be behind retirement age risePeople comment on possible change of retirement ageChina to raise retirement age as pressure on pension fund risesMost Viewed Todays Top NewsSingapore-China ties: A progressive partnershipClear information to tackle currency issueChinese tourists provide a fillip to Japans economyCollective actions key to global economic recoveryAnti-terrorism collaborationForum TrendsTop 10 domestic news cartoonsTop 10 world news cartoonsOur forumites make their own 2016 calendarHow an American views China and USIs public breastfeeding appropriate?12 stories that touched the heart in 2015Squat or sit?ColumnistsTake this job and…Its high time the US stopped blurting out poisonous rhetoricFeatured ContributorsWho is militarising the South China Sea and the world?The demise of Chinas transition economy is greatly exaggeratedStar BloggersWhy I continue to teach in China By MichaelMIve been in China for almost four and a half years now, teaching more than 4,000 classes and nearly as many students. It’s given me experiences Ill never forget.My study abroad in the UK By MaierweiAfter a lengthy visa application procedure, I was ready for my first lengthy stay in Europe. I left my dog with my father, jumped on a flight, and there I was, in London, UK.Foreigners in China are often “illiterate” By ChevalerieApart from a few exceptions of specialists of china – native-born resident and talented students – most of the foreigners living in china are illiterate, myself included.SpecialNew Normal charts new growthChina Dream in expats eyes2015 China impression…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
document.write(oTime.getFullYear());. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.License for publishing multimedia online 0108263 Registration Number: 130349