Recently, according to the latest news of pension increase, the Ministry of human resources and social security of the people's Republic of China announced that the pension will be increased again in 2019, which is also the 15 consecutive increases of China's pension. It is expected that all major retirees will enjoy this welfare. How will the pension be adjusted in 2019? Which groups will benefit from the pension increase? Let's take you to know.
The latest news of pension increase in 2019
On March 20, the Ministry of human resources and social security and the Ministry of Finance jointly issued a notice that in 2019, the basic pension of retirees from enterprises, government organs and institutions will continue to be adjusted uniformly, with an overall increase of about 5%. 118 million retirees are expected to benefit.
This is the 15th consecutive year since 2005 that the state has adjusted the basic pension for enterprise retirees, and the fourth consecutive year since 2016 that the pension level for enterprise retirees and government institutions has been appropriately increased.
Who will benefit from the pension increase
The scope of basic pension adjustment this time is retirees of enterprises, government organs and institutions who have gone through retirement procedures according to regulations and received basic pension monthly before December 31, 2018.
The Ministry of human resources and social security said that when adjusting the basic pension, the scope will be determined as the retirees at the end of last year, so as to avoid the situation that the retirees in that year enjoy both the wage growth of last year and the adjustment of treatment of that year, so as to reflect fairness. This is also the consistent practice in previous adjustments to the basic pension.
How will pension be adjusted
1. Quota adjustment: the principle of quota adjustment is to reflect fairness. This part is basically the same for everyone, with a basic starting line. The standard of this quota should be basically the same in every place. After the national policy comes down, each province also needs to formulate specific adjustment plans and report them to the Ministry of human resources and social security for approval.
2. Hook adjustment: the main principle is to reflect the principle of 'long pay, long pay, more pay', which is linked with my payment years, working years, payment amount, etc. Before retirement, those who have paid for a long time, a long period of time and a high amount of money will surely have a higher proportion of adjustment. On the contrary, those who have paid for a short time and a small amount of money will certainly have a smaller range of adjustment. This kind of adjustment method is not only this time, but also in the future. The main purpose is to encourage people to pay more when they are on the job and pay more for a long time.
3. Appropriate tilt: of course, this tilt principle mainly reflects the care of the elderly. The older the people are, the higher the proportion may be, and the newly retired may be less. Retirees working in alpine areas, border areas and ethnic minority areas also belong to the appropriate tilt objects. Of course, this inclination is also 'appropriate', which means that the range will not be very large, but it is still reflected.
In a word, take the 5% increase as an example. Under normal circumstances, the pension of 3000 yuan per month will increase by 150%. For people over the age of 70, the increase will be even higher. And this pension increase is implemented to every retiree.