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Sign up with Google Sign up with FacebookQ: Pensions for China locals?
If retirement age is 60, is there a pension for locals? How much?
For woman the retirement age is 50, and depends where you living, e.g. Nanjing starting 1st year..1150 RMB, an hour from the centre, (factory area) 1500 RMB,,
Retirement in China is at age 50 for women, and at 60 for men. In my GF case, she was a teacher at a local university, but now works in admin side and stopped teaching. Her salary is 2500 Rmb per month, out of which she pays 700 Rmb monthly for ner retirement. As she told me, at age 50 she will collect 1,400 Rmb per month for life. Her health insurance is free of cost to her, but it does not covers everything, for example it only covers 800 Rmb per year on medicines, no doctor visits and maybe 75 % of some hospitalization charges.
Pension? That will come from their kids or the spouses of their kids. That is why the "must be married by 25" spiel. The mom has either retired or is about to retire.