We are very concerned about the adjustment and payment amount of old-age insurance. Recently, a number of policies in the field of social insurance have been issued, and the average pension this year has increased by about 5%. So what adjustments have been made to the pension in 2019? How much will the pension for retirees be increased? When can retirees get the increased pension? Let's take a look at the details of the pension for retirees in 2019.
This year, pensions will be raised by an average of about 5%
In March, the Ministry of human resources and social security and the Ministry of Finance jointly issued the notice on adjusting the basic pension for retirees in 2019, which made it clear that from January 1, 2019, the basic pension level should be raised for retirees of enterprises, organs and institutions that have gone through the retirement procedures and received the basic pension on a monthly basis before the end of 2018, The overall adjustment level is about 5% of the monthly per capita basic pension of retirees in 2018.
How much can retirees increase?
Due to the inconsistency in the level of economic development and the basic situation of retirees in various regions, there will be some differences in the specific adjustment methods between regions. Specific to a region, a few regions may still have slightly different adjustment methods for enterprises, organs and institutions. Specifically, when it comes to the adjustment proportion of 'about 5%, this is the overall per capita level of the treatment adjustment of all retirees of enterprises, organs and institutions. It is not that the retirees of enterprises, organs and institutions are adjusted according to the proportion of 5% based on their per capita pension level.
Specific to each retiree, due to different payment years and pension levels, the actual increase in the absolute amount of pension is different, and the corresponding proportion in personal pension is also different. Generally speaking, the increase in the absolute amount of basic pension will also be relatively high for personnel with long payment years and high payment wage level.
When can retirees get the increased pension?
In terms of time schedule, all localities shall formulate specific implementation plans in combination with the actual situation of the region before May 31, 2019, and submit them to the Ministry of human resources and social security and the Ministry of finance.
The two ministries will formulate and organize the implementation of the basic pension adjustment plan for retirees of central state organs and affiliated institutions in Beijing. After the Ministry of human resources and social security and the Ministry of Finance approve the local specific implementation plan, all localities will pay close attention to the organization and implementation, and distribute the increased pension to the retirees as soon as possible. The time of payment in place may vary from place to place, but for retirees, no matter when they start to organize payment, they will be reissued from January 1, 2019.