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Retirement age in China is likely to postpone to 65!
Jun 12, 2012 03:05
#31  
  • WANHU
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CNY1? Though they are cunning, it's not easy for law-wranglers to provide proof of beyond reasonable doubt.
Wan
Jun 13, 2012 03:30
#32  
  • RAINDROP
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Less than CNY 2000 after I retire from work? how can this be! It is terrible. Maybe we should reserve CNY 2000 more each month for future use. Corruption is evil and lacking of punishment increases the possibility of corruption by a general official. A vicious circle actually.
Jun 13, 2012 11:36
#33  
  • WANHU
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Your income must be great, dear Raindrop, if you can save RMB2000 per month.
Wan
Jun 13, 2012 22:15
#34  
  • RAINDROP
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No Wan, my income is not as much as I need, don't you forget that I have no any property to sale for my world trip. haha

Traditionally, Chinese save money for future use, many save part of their month income in the bank. It is good to prepare for a rainy day, but that may limit their pursue of enjoying life.
Jun 14, 2012 12:41
#35  
  • WANHU
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I agree with you, Raindrop, but still to me 2000 is a lot to save, compare to my income and the amount I have to spend every month. Probably just depend on my gratuity when I retire as well as my monthly pension. If I work for 30 years I would be given 60% from my last drawn salary, if less than that but more than 25 years, would be 50%. Not much to looking forward but that's the bitter truth I have to face.
Wan
Jun 19, 2012 02:51
#36  
  • RAINDROP
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Yes, me too. I pay for insurance every month but I have no idea how much I will get after retire from work. So, China has much to do to improve on social security.
Jun 20, 2012 03:46
#37  
  • WANHU
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But I'm thankful, at least I will have my gratuity (paid the day I retire) and my monthly pension for the rest of my life.
Wan
Jun 21, 2012 01:27
#38  
  • SUNNYDREAM
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Raindrop,

Do not rely on anyone but yourself. Do your best to make money and support yourself when you are old. No one can foresee what will happen at least 50 years later.
Jun 21, 2012 02:39
#39  
  • WANHU
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If we live to that age, Sunnydream.
Wan
Jun 24, 2012 21:30
#40  
  • SUNNYDREAM
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Quote:

Originally Posted by WANHU

If we live to that age, Sunnydream.
Wan


If we can't, other people will get our pension. The government just extends retiring age by five years and I'd like to know how many people die before the retiring age and fail to get their pension.
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