First, China has entered an aging society. As the dependency ratio continues to decline, if "delayed retirement" is not implemented, employee pension insurance will be unable to make ends meet in the future.

my country's current population over 60 years old is 210 million, accounting for 15.5% of the total population.

According to predictions, my country's population over 60 years old will reach 19.3% in 2020 and 38.6% in 2050, which will have a huge impact on my country's elderly care and medical care.

At present, the dependency ratio of my country's employee pension insurance is 3.04:1, which will drop to 2.94:1 by 2020 and to 1.3:1 in 2050.

Aging will also put greater pressure on health insurance spending.

Second, my country's current retirement policy was established in the early 1950s after the founding of the People's Republic of China, when the life expectancy of the population was less than 50 years old.

It has been more than 60 years since the founding of the People's Republic of China, and the national conditions have undergone tremendous changes. The life expectancy of the population has reached more than 70 years.

However, my country's retirement policy has not changed. There are more than 80 million retirees participating in enterprise employee pension insurance, and the average retirement age is less than 55 years old. This is obviously unreasonable. Third, the level of enterprise pension insurance benefits in my country has increased for 11 consecutive years. In 2005, the monthly pension per capita was 700 yuan, and now it is more than 2,000 yuan per capita.

The year-by-year increase in pensions for retired employees has improved the quality of life of the elderly population, but it has also placed huge expenditure pressure on pension insurance funds.

Fourth, although my country's economic growth is slowing down, its ability to stimulate employment is increasing. Currently, every one-point increase in my country's GDP can create 1.5 million new urban jobs.

During the "Eleventh Five-Year Plan" period, one point of GDP growth in my country can only create 800,000 to 1 million new jobs in urban and rural areas.

Given that my country's unemployment rate is still hovering at a low level, it is expected that the working population will not decline during the "13th Five-Year Plan" period.

Therefore, after the implementation of delayed retirement, it will not affect the employment of new young labor force every year.