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Plenum Explained 2: Reforms for Retirement, Social Security and Employment
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Plenum Explained 2: Reforms for Retirement, Social Security and Employment

The Communist Party vows to raise the retirement age, ensure fair access to social insurance and ensure key groups can find work

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Caixin Global
Jul 26, 2024
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Plenum Explained 2: Reforms for Retirement, Social Security and Employment
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The Third Plenary Session of the 20th Central Committee of the Communist Party of China is held in Beijing last week. Photo: Xinhua

The Third Plenary Session of the 20th Central Committee of the Communist Party of China is held in Beijing last week. Photo: Xinhua

The five-year reform blueprint released Sunday in the wake of a key Communist Party gathering includes vows to gradually raise the retirement age, lift social security restrictions for migrant workers, and improve employment support for college graduates.

The resolution, aimed at “advancing Chinese modernization,” was adopted at the Third Plenum of the party’s 20th Central Committee, which wrapped up last Thursday.

Here’s what you need to know about the party’s plans for social security, population development, education and technology.

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