Abstract: The questionnaire survey data of 10,000 retired workers in 21 cities in Guangdong province in 2011 shows that the re-employment rate of the retired workers is 4.6% (male 4.27%, female 4.54%). The regression results of the Binary Logistic model show that the current pension level of Guangdong province has a significant negative effect on the re-employment of the retired workers, which reduced the re-employment rate. While the regression coefficient of the quadratic term is significantly positive, which indicates that only when the pension level exceeds some inflection point, it may reduce the re-employment rate. This is due to the excessively fast adjustment of pension level in Guangdong province. The study indicates that education level and health have a significant positive influence on the re-employment after retirement; the influence of working years is significantly negative. The influence of position is significantly positive; the re-employment behavior is not different between workers in the public and private sectors.

Key words: pension; retirement, re-employment; low-age retirement