Is delayed retirement a delayed pension?

Delayed retirement means that you can receive your pension after 5 years or even 10 years. On the one hand, the insured will continue to increase their contributions for five years or even 10 years, and the funds of the social security fund will increase substantially. On the other hand, the payment of pensions will be delayed for several years, and the current payment pressure will be greatly reduced, which will naturally alleviate the gap pressure of social security funds to some extent.

1. Why delay the retirement age?

The reasons for delaying retirement are various and complicated, such as the rapid development of China's aging population, the extension of life expectancy per capita, the generally low retirement age in China, the shortage of pension funds, and the improvement of social security system. , can be simply summarized as the following two points:

1. The current retirement age "does not adapt" to the current life expectancy in China.

At present, the average retirement age in China is less than 55, which is the earliest country in the world. The retirement ages in most countries are 65 and 67.

Japan, for example, has an average life expectancy of 83 years, ranking first in the world. Correspondingly, the retirement age in Japan is also very late, reaching 70 years old.

Our neighbor Russia, according to the newly passed bill, in the next few years, the retirement age of Russian women will be gradually adjusted to 60, and the retirement age of men will be adjusted to 65.

Because China's retirement policy was determined in the early 1950s, when the life expectancy of the population was less than 50 years old, with the continuous development of social economy and the improvement of people's quality of life, the average life expectancy has been continuously extended, and now it has reached 77 years old, while the average retirement age is less than 55 years old, which is not suitable for the current economic and social environment. Therefore, delaying retirement is an inevitable trend.

Legal basis:

Social insurance law

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.