Delayed retirement is aimed at who

Delayed retirement is for the following two groups of people:

1. Social insurance participants: social insurance participants refer to those who pay social insurance fees and take part in social insurance in accordance with state regulations under the relationship of labor contract or labor service contract. According to China's pension security system, social insurance participants can apply for delayed retirement when they meet certain conditions, in order to obtain higher pension benefits;

2. Civil servants and public institutions: civil servants and public institutions are also eligible for the delayed retirement policy. According to the provisions of the Law of the People's Republic of China on Civil Servants and the Regulations on Pension Insurance for Institution Staff, civil servants and institution staff can delay retirement when they meet certain conditions in order to receive higher pension benefits.

Delayed retirement means:

Delayed retirement with pension. In China, the normal retirement age is 60 years old (there are different regulations for special industries and types of work such as miners, rail transportation, etc.), but for some people who want to continue to work or need higher pension benefits, they can choose to delay retirement. Specifically, delayed retirement means that eligible people can choose to continue working without receiving a pension when the normal retirement age arrives, and delay it until a certain period of time before receiving it in order to receive a higher pension package. According to the state regulations, for every year of delay in receiving the pension, their pension benefits will be increased by 5 to 8 percent until the maximum receiving age (65 years old).

Summary, delayed retirement does not apply to everyone, and certain conditions need to be met, such as having paid the required number of years of social security contributions by the time the normal retirement age arrives, or having reached the required pension age.

Legal basis:

Article 47 of the Law of the People's Republic of China on Civil Servants of the People's Republic of China

State employees who meet the retirement conditions stipulated by the law may choose to delay their retirement, and, if they meet the stipulated conditions, they may prolong their length of service and years of contribution, and increase their pension entitlements, which clearly defines the rights and conditions under which civil servants may choose to delay their retirement. The regulations on pension insurance for institutional staff also similarly stipulate the specific conditions and provisions of delayed retirement for institutional staff.