In 2018, the pension increase began to come into effect. Recently, Shanghai took the lead in announcing the specific pension adjustment plan and requested that it be paid in place on May 18. According to the requirements of the Ministry of human resources and social security, each region shall submit the specific implementation plan for approval before May 31, 2018.
According to the specific adjustment methods published by Shanghai, first, the quota of each person is increased by 60 yuan; second, every year that I have paid for the job insurance (including the deemed payment period) is increased by 2 yuan, and if less than 30 yuan, it is calculated by 30 yuan; third, the basic pension in December 2017 is increased by 2.1%.
At the same time, from January 2018, Shanghai will increase the basic pension for urban and rural residents, with an increase of 80 yuan per person per month. After the increase, the basic pension standard for urban and rural residents in Shanghai is 930 yuan per person per month.
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. It is clear that from January 1, 2018, the basic pension level of retirees in enterprises and institutions that have gone through the retirement procedures and received the basic pension on a monthly basis before the end of 2017 will be improved. The overall adjustment level is the monthly basic pension of retirees in 2017 About 5% of the total, and require all localities to formulate specific implementation plans, report to the Ministry of human resources and social security and the Ministry of Finance for approval, and then organize the implementation as soon as possible, and distribute the adjusted and increased basic pension to retirees as soon as possible.
Pensions for the elderly are much higher
According to the requirements of the Ministry of human resources and social security, this adjustment will continue to adopt the adjustment method of combining quota adjustment, hook adjustment and appropriate inclination. For the elderly retirees and the retirees in the hard and remote areas, the adjustment level can be raised appropriately.
That is to say, the pension of the elderly retirees and the retirees in the hard and remote areas can be increased a little more, which is also reflected in the pension adjustment plan of Shanghai.
In order to show the care for the elderly, Shanghai will continue to increase the number of enterprise retirees aged 65 and 60 at the end of 2017 by 20 yuan on the basis of the above three items.
Shanghai human resources and Social Security Bureau released an example through the media: Mr. Li, a 74 year old enterprise retiree, had a monthly pension of 4000 yuan in December last year and worked for 35 years before retirement. This time, he can increase his pension by 60 yuan in fixed amount, 70 yuan in the period of contribution of occupational insurance, and 84 yuan in accordance with 2.1% of his pension. In addition, he can enjoy an increase of 20 yuan for the elderly. In total, Mr. Li can increase 234 yuan this time.