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Of course, many factors that play intoindividual retirement ages, such as health and financial readiness.
If you were born 1960 or later,full retirement benefitsare payable at age 67.
The trust funds that help fund Social Security will run dry within the coming decade.
This is not new for China.
In fact, this plan has been in the works for a few years as the pension budget dwindles.
It also comes after previous protests by elderly people against big cuts to medical benefit payments.
Residents fear that local governments are tapping into individual accounts to deal with shortages in thestate pension fund.
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