China has announced plans to gradually increase the retirement age, which is currently among the lowest in the world. This change is being made to help ease the pressure on pension funds that are running low in many regions. The retirement age needs to be raised because people in China are living longer, with life expectancy reaching 78 years in 2021, which is higher than in the United States. The new policy, announced on Sunday, also aims to tackle the problems of a decreasing birth rate and an aging population. The retirement age reforms are expected to be finished by 2029. At present, men retire at 60, women in office jobs retire at 55, and women in factory jobs retire at 50. The new rules will allow people to work longer. By 2035, the aging population is expected to grow significantly. Michael Herrmann from the United Nations Development Population Fund emphasized the need for flexible options like part-time or remote work. China’s pension system, dependent on a shrinking workforce, is unsustainable, with eleven provinces already facing shortages and funds possibly running out by 2035, making reform urgent.