The Path to Select Chinese Progressive Delay Retirement Age Policy

Abstract

The development of society and the improvement of living standards make our life expectancy extended gradually that constantly accelerate the process of our country into aging society. With the degree of aging becoming deeper, endowment the insurance financial risk and the pension gap increases gradually, so we must speed up the analysis of the policy about delay retirement age. The policies with delay retirement age choose way of incremental reform in China. First of all, the policy has many feasible ways: First, the policy can help alleviate the pressure of the pension payment. Second, some elder have the ability to work continuously. Last but not least, the policy can also promote the stable development of gradual reform. At the same time, the policy of gradual delay retirement age in China has some controversies and difficulties: first some people think delay retirement will cause the extrusion effect. Second, the policy maybe have influence on the productivity of social labor. Third, some people rather go on working than delay because the wages is lower than pensions a lot. Forth, abnormal sense of labor makes some people do not want to continue to work. For the advancement of Chinese incremental delay retirement age policy, we can choose next ways: First, we can choose some appropriate propaganda ways and gradually advanced delay retirement. Second, we must make up the standard of pension and the specific plan scientifically. The last, we can set up the incentive mechanism to encourage delay retirement.