Retirement China finally raises retirement ages amid demographic challenge Under reforms, new retirement ages can be extended for a further three years if agreed upon between employer and employee iStock.com/AlxeyPnferov Image Chantelle Cloete Reporter Thursday 19 September 2024 China will raise its statutory retirement ages from next year as it struggles with an ageing population, declining birthrates, and a state pension scheme rapidly running out of funds. Get AccessContinue reading International Employment LawyerAlready have access? Login now Email Enter your email address. Password Enter the password that accompanies your email address. Reset your passwordLog in Need access? Find out how to enjoy unlimited accessGet access You might also like... Retirement Japan pushes businesses to postpone mandatory retirement ages amid declining workforce Discrimination Singapore raises retirement age to tackle ageing workforce Future of Work What to do with an ageing workforce? Future of Work New Zealand launches plan to help older employees work longer