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Thread: Retirement age in China is likely to postpone to 65!
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[quote=GAFFER,345908]Jimmy, As Carlos says we are living longer and producing fewer children, so pensions will be claimed for longer with fewer people to contribute. In addition the UK's generous but flawed immigration policy has expanded the population greatly with immigrants producing a high percentage of births. This is stretching the country's social resources (free medical care, schooling, housing, social security benefits, policing etc). Also the UK government is building a giant black hole in funding government workers pension funds and is too scared of the consequences of fixing the problem. UK tax payers are each contributing an average 226 GBP (2260 yuan) to fund public sector pensions which will pay out far in excess of their own pension. [/quote]
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