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Delay retirement! Jiangsu latest news!

With the consent of the provincial government, the Provincial Department of Human Resources and Social Security recently issued the "Implementation Measures for the Basic Old-age Insurance of Enterprise Employees in Jiangsu Province", and the new "Implementation Measures" have a total of 35 articles, which respond to the issues of insurance contributions, the place of receipt of benefits and the retirement age that the insured are concerned about. The new Implementation Measures will come into force on March 1 this year.

Delay retirement! Jiangsu latest news!

On the issue of retirement age

The new "Implementation Measures" conscientiously implement the provisions on the retirement age and innovate the policy of postponing retirement. The retirement age of the insured persons shall be determined according to the following methods:

★ (1) Men must be 60 years of age, female cadres are 55 years of age, women workers are 50 years of age, and women of flexible employment are 55 years of age. The following circumstances are derived from its special provisions: Female workers who work in management technical posts when they are 50 years old, or who have worked in management technical posts for a total of 5 years and have worked in management technical posts after 45 years of age, shall be implemented in accordance with the retirement age of female cadres. Female flexible employment insured persons and female unemployed persons who have been former permanent workers, or who originally worked in the posts of workers in state-owned enterprises and terminated their labor relations in accordance with law before the issuance of document [2001] No. 20 issued by the former Ministry of Labor and Social Security, or who have been in the employer's post at the age of 50 and have completed a total of 15 years of deemed contributions and actual payment years, shall be implemented in accordance with the retirement age of female workers. The retirement age for female unemployed persons who do not meet the above requirements shall be 55 years.

★ (2) Males who have reached the age of 55 and females who have reached the age of 45, and who comply with the relevant provisions of the State, engage in special types of work specified by the State for early retirement, and have reached the prescribed number of years. Insured persons who meet the conditions for early retirement of special types of work may, upon consultation between the employees and the enterprise, choose the time of retirement between the retirement age provided for in this article and the retirement age specified in the preceding paragraph.

★ (3) A male who has attained the age of 50 and a woman who has attained the age of 45, who is disabled due to illness or non-work-related causes, and is completely incapacitated by the Labor Capacity Appraisal Committee of the districted city.

★ (4) Upon their own application and the consent of the employer, and reported to the human resources and social security administrative department for the record, the insured personnel may postpone retirement, and the minimum time for postponing retirement is not less than one year.

★ Where the State has other provisions on the retirement age, such provisions shall prevail.

"This policy is innovative, how to understand it? For example, there is a woman, now 50 years old, to the retirement age, but in fact this woman is a company executive, strong management experience, the company does not want this female executive to retire, and this female executive also wants to extend the working life. According to the relevant person in the human resources and social security department, there was no formal channel to extend retirement in the past, but now the new policy has come out, and it is possible to apply for a delay in retirement under the condition that the company and the employees reach a consensus.

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