China’s top legislative body has approved a plan to raise the country’s retirement age for the first time since the 1950s. The move aims to address the challenges posed by an aging population and a dwindling pension budget.

Under the new plan, the retirement age for women in blue-collar jobs will increase from 50 to 55, while women in white-collar jobs will see an increase from 55 to 58. Men’s retirement age will rise from 60 to 63.

The changes will be implemented gradually, starting from January 1, 2025, with the retirement age increasing every few months over the next 15 years. Retiring before the statutory age will not be allowed, although individuals can choose to extend their retirement by up to three years.

Additionally, employees will be required to make more contributions to the social security system starting in 2030, with a minimum of 20 years of contributions needed to access pensions by 2039.

The decision has drawn mixed reactions online, with some expressing skepticism and discontent, while others anticipated the move, citing international trends.