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  3. China will gradually postpone its statutory retirement age, as its workforce retires the earliest in the world, said an official

China will gradually postpone its statutory retirement age, as its workforce retires the earliest in the world, said an official

admin2017-11-28  13
问题     China will gradually postpone its statutory retirement age, as its workforce retires the earliest in the world, said an official on Wednesday.
    The Ministry of Human Resources and Social Security is set to publicize a reform plan on postponing the statutory retirement age, said minister Yin Weimin.
    Currently, people’s retirement age is no more than 55, compared to the mid-60s of many other countries, Yin noted.
    The reform plan will postpone the retirement age "step by step until it reaches a reasonable level," according to Yin.
    What is your opinion about this?
    Write an essay of about 400 words to express your views on the topic.
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答案 The message that China will slowly extend the statutory retirement age has stirred widespread concerns from the whole society, especially from the working people. According to the Ministry of Human Resources and Social Security, the statutory retirement age — currently 60 for males and 55 for female civil servants and 50 for female workers — will increase by "a few months" each year after the reform plan is released. From my perspective, postponing the retirement age step by step can be a good way to deal with an aging population and ensure the healthy and stable development of social security. At present, China’s retirement policy seems to be out of date and unreasonable. Compared with many other countries, a reform plan is necessary. First of all, the seniors, in great number and in their "golden years" , can still work and contribute to the society. According to a report from the World Health Organization (WHO) , the average life expectancy of Chinese people reached 76 in 2015, and according to a United Nations report, nearly three out of ten Chinese people will be older than 60 by 2040. Given the shrinkage of China’s young workforce, it is all the more important for the seniors to work extra years for the sound development of China’s economy. Besides, many old people favor continuing to work beyond the current statutory retirement age because of their comparatively light workloads and good rates of pay. What’s more, extending the mandatory retirement age will help shore up the government pension system. As we all know, in previous generations, parents would have been supported by several children, but due to the one-child policy they have fewer children to depend on in their old age. At the same time, a growing number of Chinese workers are approaching retirement age and will begin to draw from, rather than contribute to, the pension system. Undoubtedly, these people put heavy pressure on China’s pension and social security systems. Therefore, postponing the retirement age is beneficial for maintaining sufficient funds to support the public pension system. Of course, not all people view an older retirement age positively. For example, some university graduates fear that postponing the retirement age could reduce their employment opportunities. And some employers fear that this policy can increase their burden, as they have to retain older employees with higher wages. But on the whole, the extension of retirement age is more beneficial than detrimental, in that it would alleviate the problem of shrinking workforce faced by China and help maintain the sustainability of China’s pension system.
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