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It is expected that 114 million retirees will benefit from the continued increase of retiree pension

It is expected that 114 million retirees will benefit from the continued increase of retiree pension in 2018

4hw.com.cn: the website of the Ministry of human resources and Social Security reported on March 23 that recently, the Ministry of human resources and social security and the Ministry of Finance jointly issued the notice on adjusting the basic pension of retirees in 2018, which made it clear that from January 1, 2018, the basic pension level and the overall adjustment level of retirees in enterprises, institutions and institutions who had gone through the retirement procedures and received the basic pension by the end of 2017 would be improved It is about 5% of the monthly basic pension for retirees in 2017.

In this adjustment, we will continue to adopt the adjustment method of combining quota adjustment, hook adjustment and proper inclination. The quota adjustment reflects social equity, and the adjustment standards of all kinds of retirees in the same area are basically the same; the linkage adjustment reflects the incentive mechanism of "more payment, more payment" and "more long payment", so that the employees who pay more and more for long-term payment when they are in office can get more pension; the proper inclination reflects the key care, mainly for the elderly retirees and retirees in hard and remote areas.

After the issuance of the document, each region will formulate specific implementation plans according to the deployment of the State Council and in combination with the actual situation of the region, report to the Ministry of human resources and social security and the Ministry of Finance for examination and approval, and organize the implementation as soon as possible, and distribute the adjusted and increased basic pension to the retirees as soon as possible.

This adjustment is an important measure to ensure and improve the people's livelihood level. It further reflects the 'integration' of the pension system of government agencies and enterprises, and reflects the integration of government agencies and institutions It is estimated that 114 million retirees will benefit from the cordial care of the Party Central Committee and the State Council.

Notice of the Ministry of finance of the Ministry of human resources and social security on adjusting the basic pension of retirees in 2018

HRBF [2018] No. 18

People's governments of all provinces, autonomous regions and municipalities directly under the central government, ministries and commissions under the State Council, and organizations directly under the State Council, and Xinjiang production and Construction Corps:

With the approval of the State Council, the basic pension level of retirees from enterprises and institutions (hereinafter referred to as retirees) will be adjusted from January 1, 2018. The relevant matters are hereby notified as follows:

1、 Adjust the range. Before December 31, 2017, retirees who have gone through retirement procedures according to regulations and received basic pension monthly.

2、 Adjust the level. The overall adjustment level is determined according to about 5% of the monthly basic pension for retirees in 2017.

3、 Adjustment method. This time, we will adjust the basic pension of retirees, continue to adopt the combination of quota adjustment, linkage adjustment and appropriate inclination, and basically unify the adjustment methods of retirees in enterprises, government agencies and institutions. The quota adjustment should reflect the principle of fairness; the linkage adjustment should reflect the incentive mechanism of "long-term pay more" and "more pay more", which can be linked with the factors such as the payment years (or working years) of the retirees themselves and the basic pension level; for the elderly retirees and the retirees in the hard and remote areas, the adjustment level can be appropriately improved to continue to ensure that the basic pension for the retired military cadres of the enterprise is not lower than that of the enterprise The average level of retirees in local enterprises. We should give consideration to fairness and incentives, and reasonably determine the proportion of quota adjustment, linkage adjustment and appropriate inclination.

4、 Source of funds. The funds needed for adjusting the basic pension shall be disbursed from the basic endowment insurance fund of the enterprise for those who participate in the basic endowment insurance for the employees of the enterprise, and from the basic endowment insurance fund of the institution for those who participate in the basic endowment insurance for the employees of the institution. The central finance shall give appropriate subsidies to the central and western regions, the old industrial bases, the Xinjiang production and Construction Corps, and the central state organs and affiliated institutions in Beijing. If the employee does not participate in the basic endowment insurance, the funds needed for adjustment shall be settled by the original channel.

5、 Organization and implementation. Adjusting the basic pension of retirees is an important measure to improve the level of security and people's livelihood, which reflects the cordial concern of the CPC Central Committee and the State Council for the majority of retirees. All regions should attach great importance to it, strengthen leadership practically, and organize implementation meticulously