What do you fear about retirement?

Nov 15, 2008

Chinese Women Want Same Retirement Age as Men

Cover of the Chinese Edition (traditional Characters) of How to Retire Happy, Wild, and Free (The World's Best Retirement Book)

The following is exerpted from an article about 5 years ago.

    A Chinese policy established decades ago in a bid to protect female workers is now being questioned by increasing numbers of Chinese women who want to keep their jobs longer.

    Men retire five years later than women under the regulation. The retiring age for female staff is 50, and 55 for men. While women cadres leave their posts at 55, it's 60 for men of the same status. The intention of the policy was to protect women's health and lawful rights, said officials with the State Ministry of Personnel.

    Statistics show that the average life expectancy for Chinese women is 71 while 69 for men. In some well-off areas like Shanghai,the figure is nearly 80 for women.

    Sociologists cite the toughness of the current job market as one reason for women retiring early. In some badly-run factories and companies, women staff are required to leave their jobs at 45 and get an even lower pension.

I would imagine that Chinese women are even more irritated by this policy given that China's ecomony is about to tank.

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