Click image to zoom

Illustration Pension

In Suqian, China, on September 13, 2024, the ''Measures of The State Council on Gradually Delaying the Statutory Retirement Age'' is released. From January 1, 2030, the minimum period for employees to receive basic pension contributions on a monthly basis gradually increases from 15 years to 20 years, with an annual increase of six months. Employees who reach the statutory retirement age but have not met the minimum period of contribution may, in accordance with regulations, reach the minimum period of contribution by extending the payment of contributions or paying in one lump sum, and receive basic pensions on a monthly basis. (Photo Illustration by Costfoto/NurPhoto)

China CHN retire Illustration Pension Suqian China Jiangsu province September 13 2024 Measures of The State Council Gradually Delaying Statutory Retirement Age January 1 2030 minimum period employees basic pension contributions monthly basis increased 15 years 20 years annual increase six months statutory retirement age minimum period of contribution regulations extending payment contributions lump sum receive basic pensions Costfoto NurPhoto illustration pension retirement policy government social security reform.