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Thread: Retirement age in China is likely to postpone to 65!
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[quote=MARRIE,345474]I think it just applies to government job. Actually in current China, job security is much lower than than in Japan and other western democratic socialist country. The eariliest retiriement age i have ever heard is 35 when China implemented transformation of stated owned corps to collective owned or private owned corps. Public servants are gold bowl and only high-qualified college graduates can win the gold bowl through strict exams. And most positions that offerred by profit oriented corps are contracts and the pension premium are deducted from salary and managed by state owned pension funds. Even in West, during this financial crisis, some big corps are lowering internal retiriement age, As far as I have known, there is a famouse Uk pharm. corp whose internal retirement age is 55 with lump sum severence payment.[/quote]
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