Retirement age should suit nation's situation

THE MINISTRY OF HUMAN RESOURCES AND SOCIAL SECURITY said recently that China's average retirement age is among the lowest in the world, and they have submitted a plan to the top leadership for approval that raises the legal retirement age by a few months each year so that it gradually reaches a fair level. Comments:

One of the reasons the ministry wants to delay retirement is the State pension fund run faces a deficit. However, there are actually other ways of covering the deficit, like investing some of it in the stock market, a measure that has already been taken by the fund's management bureau. The ultimate solution to the deficit lies in comprehensively adopting more such measures instead of relying on just one.

Beijing Times, Oct 16