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Pension will rise for 16 consecutive years, the latest news of pension adjustment in 2020

Latest news on pension adjustment for retirees in 2020

The pension you care about has made new progress. It is reported that the pension of retirees will rise for 16 consecutive years. At the beginning of 2020, a new round of pension increase window will open again. By 2019, China's pension has been rising for 15 consecutive years. The pension of retired employees has also increased from the first few hundred yuan to three or four thousand yuan. Following the 5% increase in China's retiree pension in 2019, the pension of urban and rural residents is expected to continue to increase in 2020. Many places are brewing specific plans or accelerating the introduction in the near future. The pension problem has become a top priority between the people and the government. How to adjust the pension in 2020 has become the most concerned thing for the people. At present, some provinces have announced the pension adjustment in 2020. The following is the relevant introduction.

Pension adjustment basis

It is reported that endowment insurance is divided into basic endowment insurance for urban and rural residents and basic endowment insurance for employees. Among them, the minimum standard of basic pension for urban and rural residents was only raised from 70 yuan to 88 yuan in 2018, which has not been adjusted since 2015. The basic pension of employees will be adjusted every year. The above two pensions are adjusted by the state in a unified notice. The adjustment is mainly based on the national price level and the rise in the per capita wage of employees.

The proportion of pension increase is expected in 2020

How much will pensions rise in 2020? According to the 2019 pension plan, it mainly includes quota adjustment, linked adjustment and appropriate tilt. The pension adjustment plan in 2020 should also be adjusted according to this structure. The pension increase should be about 5% - 5.5% as this year. The adjustment notice will be issued in March next year.

How much money can I get from retirement in 2020?

As we all know, the basic pension received by retirees every month includes basic pension and personal account pension. Basic pension = local average social wage of the previous year at the time of retirement & times; (1 + my average payment index) & divide; 2× Payment years & times; 1%; Personal account pension = personal account savings & divide; Number of months counted and issued.

Which provinces have adjusted the pension for retirees in 2020

Latest pension adjustment plan for urban and rural residents in Guangdong Province in 2020

In 2020, Guangdong Province will issue an additional basic pension of no less than 3 yuan per month for every more than 1 year to the insured with a payment period of more than 15 years; For the elderly insured who have reached the age of 65 and above, the basic pension shall be appropriately paid every month. At the same time, the original payment level of individuals will be adjusted to nine levels between 180 yuan and 4800 yuan per year.

Pension adjustment plan for urban and rural residents in Inner Mongolia in 2020

Inner Mongolia adjusted the payment level standard of basic old-age insurance for urban and rural residents to 12 levels ranging from 200 yuan to 7000 yuan. Government subsidies for various payment levels are also clearly stipulated, with 3000 yuan as a subsidy of 90 yuan, 5000 yuan as a subsidy of 95 yuan, 7000 yuan as a subsidy of 100 yuan.

Other provinces have not yet announced it, which is expected to be announced next March.

With the increasingly serious aging, the problem of providing for the aged has become increasingly prominent. In China, traditional concepts and practical conditions determine that home-based elderly care is still the main elderly care model, community service plays a vital role in serving the elderly.

Compared with the rapidly growing elderly population and the demand for elderly care services, there is a shortage in the quantity and structure of elderly care facilities and services in China; Influenced by multiple factors such as pension tradition and cultural concept, institutional pension has not been implemented smoothly in China. So far, home-based pension is still the preferred way for the vast majority of the elderly, that is, the '9073' pension pattern with national characteristics: 90% of the elderly provide for the elderly at home, 7% of the elderly provide for the elderly in the community and 3% of the elderly provide for the elderly in institutions. Home care also directly drives residents' demand for domestic services, including housework and elderly care.