On September 13, 2024, China's government announced a significant update to its retirement policy, with gradual changes set to take effect from January 1, 2025. Over the next 15 years, the statutory retirement age will be progressively raised. Additionally, starting in 2030, the minimum contribution period for receiving a basic pension will gradually increase from 15 to 20 years, with an incremental rise of six months per year.

Join us for the Retirement Age Reforms: Impact on Employers and Workforce, hosted by the AmCham Shanghai Human Resources Committee, on October 29, 2024, from 1:30 PM to 3:00 PM at the AmCham Shanghai Conference Center. Our speaker, Jeffrey Wilson, HR Practitioner in Jun He LLP Labor and Employment Practice Group will cover the following key topics, followed by a panel of HR practitioners who will share best practices for navigating the complexities of these new retirement policies.

• Expected implementation of the increased retirement ages
• Increase in required number of contribution years to obtain pension benefits
• Continued distinctions between different retirement ages for women in managerial and non-managerial roles.
• Early retirement procedures and requirements.
• Delayed retirement procedures and requirements
• Labor protections and rights for workers who are hired over the retirement ages
• Possible extension of maximum ages that foreign nationals can get work permits.