Retirement pension is the life guarantee of retired workers in enterprises. Many old people are very concerned about it. Will the pension go up this year? Let's take a look at the latest news of pension in 2018.
In 2018, retirees' pensions continued to rise. 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. It is clear that from January 1, 2018, the basic pension level will be improved for retirees of enterprises and institutions who have gone through the retirement procedures and received the basic pension monthly before the end of 2017. The overall adjustment level is the retiree monthly in 2017 The average basic pension is about 5%. This is the fourteenth consecutive year since 2005 for the state to adjust the basic pension of enterprise retirees. It is also the third consecutive year since 2016 for the state to arrange to appropriately improve the pension level of enterprise and government institutions retirees. It is estimated that 114 million retirees will benefit.
In this adjustment, we will continue to adopt the adjustment method of combining quota adjustment, hook adjustment and proper inclination. According to reports, the quota adjustment reflects social equity, and the adjustment standards for all types of retirees in the same region are basically the same. The linkage adjustment reflects the incentive mechanism of "more pay, more pay" and "longer pay, more pay", so that the employees who pay more and longer pay at work will have more pension. We should give priority to the elderly retirees and the retirees in hard and remote areas.
Why is the adjustment level about 5%? The relevant person in charge of the Ministry of human resources and social security explained that the level of pension adjustment mainly takes into account such factors as the increase of the average wage of employees, the rise of prices and the ability of fund support. We will adjust the treatment of retirees by about 5% and appropriately slow down the growth of pensions. We will do our best and do what we can. On the basis of ensuring the basic life of retirees, we have realized that the majority of retirees can properly share the fruits of economic and social development, which is also more sustainable.
In addition, about 5% is the overall per capita level of the adjustment of the treatment of all retirees in enterprises and government institutions. It is not that the retirees in enterprises and government institutions are adjusted according to 5% based on their respective per capita pension levels. Generally speaking, those who have a long payment period and a high payment wage level will also have a relatively high absolute amount of basic pension.
When will retirees receive an increased pension? According to the introduction, in terms of time schedule, all localities should formulate specific implementation plans and submit them to the Ministry of human resources and social security and the Ministry of finance before May 31, 2018. 'the distribution time may vary from place to place, but for retirees, no matter when they start to organize distribution, they will be reissued from January 1, 2018. The head of human resources and social security department stressed.