BEIJING – The widespread tendency in China for ugly, rich, old men to marry young, money-grubbing pretty women – called the “Viagra effect” – is undermining the country’s pension system.
The report, by China’s Department of Human Resources and Social Security (DHRSS) showed that a trend of men in their 60s marrying women half their age will result in a large pool of young widows collecting benefits for much longer than anticipated.
“The social security system was planned so that the wife receives her husband’s pension for no more than 15 years. With growing life expectancy and remarriages with much younger women, benefits are likely to last for 35 years or more,” said Chen Laofu, the author of the study.
He said the younger-wife phenomenon was commonly called the “Viagra effect,” but he noted that in fact the trend started in the Ming Dynasty – well before the advent of the little blue pill and social security benefits.
However, reversing the trend may prove difficult. Liang Shimeng, 87, who married a 29 year-old former beauty contestant last year, believes money can buy happiness. “There are legions of dirty old men like me with cash to burn. I speak for us all when I says our national ability to pick up young chicks will reach heights unparalleled in human history. The hell with my pension.”
His wife agrees. “When Shimeng kick the bucket, I get his wealth; my mother gets the pension.”
The DHRSS report said two out of three men who are separated remarry, while only one out of ten separated women find a new husband.
Of the separated men, 64 percent of those aged more than 50 remarry women younger than them. In the 60-to-64 age range, the proportion is 69 percent.
China has a mixed public-private pensions system. Those in the public system receive the equivalent of their salary after retirement, while those with private funds receive a maximum of USD 1,800 a month.
Under current laws, when a retired man dies, his wife continues to receive his full pension until her own death, according to the website of the Ministry of Labor and Social Security.














