Life & Career · 退休年龄与养老金（Retirement Age & Pension） · Updated 2026-10-25
What Is Retirement Age & Pension?
Definition
From 2025 China phases in later statutory retirement: men move from 60 toward 63 (one month later per 4), women's 55-tier toward 58 and 50-tier toward 55. Pension = basic pooled benefit + individual-account annuity: basic = (local average wage + indexed personal wage)÷2 × years × 1%; account = balance ÷ divisor (139 at 60, ~117 at 63). With 30 years at 100% of average wage, replacement runs 45-55% — the gap is filled by enterprise annuities and personal savings.
Formula
Basic = (avg wage + indexed wage) ÷ 2 × years × 1%
Worked Example
30 years at index 1.0 with an 8,000 average wage: basic = (8000+8000)÷2×30×1% = 2,400; account 200k÷139 ≈ 1,439 — about 3,839 yuan/month total.
Common Misconception
"Stop contributing at 15 years" — 15 years is only the eligibility floor; replacement tracks years linearly, so 10 more years add 10 points. And while the dual-track system is nominally unified, annuity coverage gaps between public and private employers keep real benefits apart.
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