Recently, Shanghai took the lead in releasing the pension increase plan, which was in place on May 18. According to the instructions of relevant departments, each region will submit the specific implementation plan for approval before May 31, 2018.
Shanghai requires that it be issued in place on May 18
In March, the Ministry of human resources and social security and the Ministry of Finance issued a notice to clarify that in 2018, the basic pension level of retirees in enterprises and institutions will continue to be improved synchronously, with an overall increase of about 5%. The Ministry of human resources and social security and the Ministry of Finance are required to formulate specific implementation plans, report to the Ministry of human resources and social security and the Ministry of Finance for approval and organize the implementation as soon as possible, and distribute the adjusted and increased basic pension to retirees as soon as possible.
Recently, Shanghai took the lead in announcing the specific implementation plan of pension adjustment, and proposed to increase the pension for enterprise retirees (including those who received monthly pension from the original town insurance included in the occupational insurance according to the regulations) and urban and rural residents who received pension by January 18, 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.
Pension for the elderly is 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.
When will other regional plans be released?
Shanghai has taken the lead in announcing the pension adjustment plan. How is the pension adjustment progress in other regions?
The timetable is clear. According to the requirements of the Ministry of human resources and social security, all localities shall formulate specific implementation plans in combination with the actual situation of the region and submit them to the Ministry of human resources and social security and the Ministry of Finance for approval before May 31, 2018.
The Ministry of human resources and social security stressed that all regions should strictly follow the implementation plan approved by the two ministries, implement all adjustment policies in place, and should not improve the adjustment level and break through the adjustment policies on their own. We should take effective measures to strengthen the management of the income and expenditure of the basic endowment insurance fund, make capital arrangements in advance, ensure that the basic pension is paid in full and on time, and no new arrears are allowed.