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Thread: Retirement age in China is likely to postpone to 65!
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[quote=MARRIE,346246]>> last drawn salary X months of work X 7.5%. If he works for 300 months with last drawn salary of 5000 per month, he gets gratuity of 112,500 and monthly pension of 2500 until his demise.<< Mr. Wan, civil servants just got the pension income valued at 50% of the salary after 25 years service? In China, I think the counterparts can get retirement pension at 100% of salary. In the country I live, I guest they also adopt British Rule of defined pension benefit plan formular with around monthly pension income at 75% of monthly salary with upper limits and lower limits if they serve too long or too short. Anyway, it's really a good deal. [/quote]
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