Retirement age should be raised gradually

According to the criterion of the United Nations, a person steps into old age stage after crossing the age of 60 or 65 years, depending on the different age structure in the country he/she lives. Countries use this criterion to define "elderly people" and set the "retirement age", which means the retirement age could differ from country to country.

With social development and advancement of medical technology, people's average life span is increasing, which leads to the problem of aging population. Since an aging population could mean a significant rise in old-age pensions, increasing incomes of and reducing social expenditure on senior citizens have become a necessity.

One way, and an effective and strategic way, of reducing social expenditure on elderly people is to increase the retirement age. Raising the retirement age is also an effective way of increasing senior citizens incomes, which is the established international practice. But the retirement age in a country should be raised, if at all, according to its actual conditions and individuals' choices.