Today, the entire Internet is hotly discussing the delayed retirement policy. From the many preheatings in the past few years to today's policy implementation, the general public has actually been given a long time to prepare psychologically. I was also curious and checked the official delayed retirement calculator, and the results are as follows:
It was just as I thought. We, the people born in the 1980s, have stacked up the buffs and are the group mainly affected by the policy. The upper limit of this delayed retirement policy is 36 months, and I haven’t wasted a single month.
Speaking of delaying retirement, I would like to first tell a little story that happened in our family.
My mother has told me one thing at least five times. In her era, people were supposed to retire at 50. But just when she was about to turn 50, the government issued a policy in 2008 that female cadres could delay retirement by five years, that is, they could work until they were 55. When this policy was issued, my mother was less than 10 days away from turning 50, so she happened to catch the last train.
Guess what my mother's reaction was? She felt like she had won the lottery and kept telling me she was lucky. She thought it was a good thing to delay retirement for five years because she didn't have much work pressure at the company. In Zhejiang, there is a term called "retiring to the second line". That means you still get your salary, bonuses, and benefits, but your work authority is mainly transferred to young cadres promoted from below.
It was pretty cool, obviously much more comfortable than retirement, and it was like enjoying 5 more years of working income. I hadn't started to get rich at that time, but the extra tens of thousands of dollars a year was pretty good for my mother and me.
I told this little story to tell you that everyone's attitude towards delayed retirement varies greatly. The key depends on your position and treatment. Some people's goal in life is to retire as early as possible, while others can't wait to work for a few more years.
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Regarding delaying retirement...old readers know that my attitude has always been supportive, and I have given you warnings many times that this is inevitable and requires corresponding psychological preparation and advance life planning.
The reason why I support the extension of retirement is very realistic, because it is impossible not to support it. Our country is gradually entering an aging society. If we continue to use the previous social security model, there will not be enough money in a few years. Everyone wants to retire early and receive money early, but if there is no money, what can you get?
According to the "China Pension Actuarial Report 2019-2050" released by the Chinese Academy of Social Sciences, the accumulated balance of the national urban enterprise employees' basic pension insurance fund will be exhausted in 2035.
Exhaustion in 2035 is just the beginning of the problem. Since the 1970s and 1980s were the peak period of China's population birth, there will be 20-30 million new retirees each year. On the other hand, since China's population growth has dropped rapidly since 2017, the number of young people participating in the workforce has also dropped rapidly since 2040, and after 2045, the number of new retirees will be less than 10 million per year.
On the one hand, there are 20-30 million more retired elderly people, and on the other hand, the number of young people has increased by less than 10 million. Even if you do the math, you can tell that it is difficult to balance income and expenditure. Delaying retirement is not a matter of whether you want to or not. The objective reality is that you have no choice.
To put it more bluntly, I have seen some calculations by institutions that we may have to delay retirement to 65-66 years old to achieve a balance between income and expenditure. Now, delaying retirement by only three years is much better than expected. Of course, it may also be done in two steps to give everyone more time to digest it in batches.
Is there a way to alleviate this situation? Yes, having more children will make things better, but it is useless to say this now. Many young people will get angry as if you stepped on their tails when you persuade them to have children. They are unwilling to raise children when they are young, and want to live a comfortable life relying on social security when they are old. This is essentially taking advantage of the rest of society.
Don't get me wrong, I don't like to persuade people to have children. Having children is such a personal matter and everyone can do what they want, but people can't have it all. You should save more money for yourself when you are young and have enough money. In case you are old and can't work, you will have some savings to provide for your old age.
Adults should face and solve problems rationally. Don't make your own choices and then avoid bearing the corresponding consequences. No one likes a giant baby.