The old horse lurks, aiming at a thousand miles. Silkworms in spring will weave until they die, and candles will drain the wick every night. Retirement means that according to the relevant provisions of the state, workers quit their jobs because of old age, work-related disability or illness, and completely lose their ability to work (or partially lose their ability to work). From 20110, China will levy personal income tax on the one-time subsidy income obtained by individual early retirement. Relevant government departments continue to release the policy intention of extending the retirement age. According to opinion polls, more than half of the respondents are opposed to extending the retirement age, and most people advocate retirement at the prescribed age.
On March 2, 20021,12, it was clearly stated in the Tenth Five-Year Plan and the outline of the long-term goal in 2035 that the statutory retirement age should be gradually postponed according to the principle of "step-by-step adjustment, flexible implementation, classified promotion and overall consideration". In April of 20021year, Ministry of Human Resources and Social Security and the Ministry of Finance issued the Notice on Adjusting the Basic Pension for Retired Persons in 20021year. The overall adjustment level is 4.5% of the monthly basic pension for retirees in 2020.