What are the reasons for delaying retirement being considered? What is the impact on social security?

Delayed retirement is actually such a topic, relatively speaking, is relatively sensitive, because many people are reluctant to delay the generation of retirement, because delayed retirement means that we can not be in accordance with the existing retirement age for retirement, we may have to wait until after the age of 60 years old, or 65 years of age such an age to be able to deal with the retirement, so that invariably increases the time of labor. So this is a situation that many people do not want to see.

Why put forward delayed retirement such an idea? First of all to start from 2014, some provinces and regions appeared this pressure of pension payment. That is to say that their pension in this province and region is already more than enough to meet the needs of such a phenomenon, if the long-term past, the hole in the pension will be more and more big, because the age of the labor force of the population is reduced, the aging of the population increased, resulting in a phenomenon of more than enough to meet the needs of such a phenomenon.

How to alleviate the phenomenon of not being able to make ends meet? Then delayed retirement is a very good way. Because delayed retirement means a reduction in the aging population, because we have not retired at the age of 60, still continue to work, so that 60-year-olds into the age of the labor force, then it will naturally reduce the aging population, the aging population is reduced, coupled with an increase in the age of the labor force, so that the phenomenon of the incomes do not meet the needs of the phenomenon will be effectively resolved, so that the delay in the retirement of the approach to alleviate the pressure on pensions A fundamentally effective way.

While it is better to say that such an approach, but in the implementation of the process is often very difficult, because delayed retirement is not an overnight thing, it is related to the vital interests of each person, it can be said that all aspects, are to be related, because each of us are enjoying the treatment of this pension, so it is said that, for each group of people enjoying the treatment of the pension is subject to a very much affected. Coupled with the fact that everyone, I believe, is unwilling to delay retirement. Because who wants to delay getting a pension when they can get it earlier, right?

So that's one of the fundamental reasons why this policy has not been implemented late. The impact on us is actually very far-reaching. Because on the one hand we have to pay a few more years of pension insurance, and on the other hand we have to get a few less years of pension, then such a premise, a positive and a negative nuclear down the amount of money is relatively speaking quite a lot. So that's one of the main impacts on us.

Of course I believe that since such an idea has been put forward, but the implementation of it is just a matter of time, exactly when it will be implemented we can't say here. But I believe that in the next 10 years the fast-retiring people should be able to catch up with this delayed retirement. Because as early as 2014 has been put forward such an idea, only to this year has not been implemented, indicating that the five years are constantly strengthening the formulation of policy in this area, it has to relate to the interests of all parties, balance the various aspects of the conflict and other aspects of the reasons. And I believe that in the policy formulated out of this day, need to consult, and there is a certain transition period, so that within the next 10 years I think it should not be implemented on the ground.