Does delayed retirement affect social security?

Compared with other countries, the average retirement age in China is lower. Moreover, the health level has improved year by year, and the average life expectancy has increased significantly. There are many elderly people who are still healthy in their seventies and eighties. At present, there is no policy of delaying retirement for female employees in enterprises and institutions, only for some senior technicians. So, does delaying retirement have an impact on social security?

Does delayed retirement affect social security?

1 Delayed retirement can increase the producers of national wealth accumulation and reduce the consumers of national social security;

The relevant departments will introduce a system of delaying retirement age, which can strengthen the continuity and sustainability of social security;

The implementation of the delayed retirement policy will also affect farmers who pay social security for urban and rural residents, and they cannot pay social security for another five years.

Generally speaking, delayed retirement will have these problems, but at present, the country has not clearly put forward the time of delayed retirement policy. After delaying retirement, the time of pension payment will increase, and the time of pension collection will definitely increase relatively; In addition, for people with good health and poor economy, continuing to work to create value can also increase their income.