Pension is related to our quality of life after retirement, so we are very concerned about the annual pension adjustment policy. This year, many provinces have made it clear that people aged 65 and above and those over the minimum payment period will be given preferential treatment. See below for details.
11 provinces take the lead in opening the window of pension increase
In March this year, the Ministry of human resources and social security and the Ministry of Finance jointly issued the wenmingke plan to raise the level of basic pension for retirees of enterprises, institutions and institutions who have gone through retirement procedures according to regulations and received basic pension by the end of 2018 from January 1, 2019. The overall adjustment level is about 5% of the monthly basic pension for retirees in 2018. So far, China's urban retirees pension has achieved 15 consecutive increases.
At the same time, the basic pension of urban and rural residents has also shown a rising trend in recent years. Zhongxin Jingwei client noted that since 2019, 11 provinces such as Shanxi, Guangdong, Hebei, Henan, Ningxia, Heilongjiang, Qinghai, Tibet, Jiangsu, Yunnan and Jiangxi have successively issued specific implementation opinions on the normal adjustment mechanism of basic pension for urban and rural residents.
According to the work report of Guangdong Provincial Government in 2019, the minimum standard of basic pension for urban and rural residents in Guangdong Province will be raised from 148 yuan per person per month to 170 yuan per month this year. Henan Province announced that it decided to raise the minimum standard of basic pension from 98 yuan per person per month to 103 yuan per person per month from January 1, 2019. Jiangsu Province, on the other hand, issued a document saying that it would raise the provincial minimum standard of basic pension from 135 yuan to 148 yuan per person per month;
At the same time, many provinces have adjusted the standard of individual payment. For example, Qinghai Province added four higher level standards. Shanxi Province will adjust the minimum payment level and the maximum payment level to 200 yuan and 5000 yuan per person per year respectively. In Yunnan Province, the standard of 3000 yuan is added, and the insured can pay according to 13 payment levels, ranging from 100 yuan to 3000 yuan.
Pension adjustment plan favors people aged 65 and above
It is worth noting that, at present, in the specific plans to determine the adjustment of pension benefits, all provinces reflect the preference for the elderly and those who exceed the minimum payment years.
For example, Shanxi Province proposed to issue additional basic pension to urban and rural elderly residents aged 65 and above in the whole province, with the minimum standard of 5 yuan per person per month. According to the adjustment plan released by Guangxi, basic old age pension will be added to urban and rural residents aged 65 and above.
Some provinces have a more detailed division of the age of the insured. Hebei Province proposes to give preference to the elderly residents aged 65 and above. When the recipients reach the age of 65, the basic pension will be increased by 1 yuan per person per month on the basis of the base; 2 yuan per person will be increased when they reach the age of 75; 3 yuan per person will be increased when they reach the age of 85. The required funds will be shared by the provincial, municipal and county levels. Ningxia proposes that the basic pension of urban and rural elderly residents will be increased by 2 yuan per person per month if they are over 65 but under 70, and 4 yuan per person per month if they are over 70 but under 75.
In terms of reward for payment period, Qinghai Province has made it clear that if the payment period exceeds 15 years, the basic pension will be paid 10 yuan per month for each additional year. Hebei Province and Shanxi Province pointed out that the accumulated payment period is more than 15 years, and each additional year will increase by 1 yuan per month. Jiangxi Province, on the other hand, proposes to increase the basic pension by 2% per month for every additional year of 15 years.
The Ministry of human resources and social security and the Ministry of finance have made it clear that the local government should raise the basic pension standard according to the local reality, and give appropriate preference to urban and rural elderly residents aged 65 and above; for those who have long-term payment and exceed the minimum payment period, they should appropriately increase the basic pension.
According to the relevant person in charge of the Ministry of human resources and social security, this is due to the fact that the endowment insurance system for urban and rural residents has not been established for a long time, that some older residents have not paid or have not paid for a long period of time, that there is no personal account or that the amount of pension is low, but they have made important contributions to the country's economic and social development in the past. The person in charge further said that local governments should appropriately increase the basic pension for long-term payment beyond the minimum payment period, which is to encourage individuals to pay long-term payment from the 'export end' of treatment.
Industry: pension investment in corporate bonds
Lu Aihong, spokesman of the Ministry of human resources and social security, once pointed out that in 2018, both the entrusted investment of endowment insurance funds and the received funds have increased significantly, especially the investment of basic endowment insurance funds for urban and rural residents has achieved actual results. According to the data, by the end of 2018, 523.92 million people had participated in the endowment insurance for urban and rural residents in China, of which 158.98 million actually received benefits, and more than 49 million poor people directly benefited.
Yang Yansui, a professor at the school of public administration of Tsinghua University, believes that carrying out entrusted investment of basic endowment insurance fund for urban and rural residents and realizing the preservation and appreciation of endowment fund can encourage residents to pay more and more, increase the accumulation of personal pension and improve the payment level of endowment insurance.
In many channels of pension investment, it has to be mentioned that pension entering the market, as one of the measures to maintain and increase the value, has attracted much attention in recent years.
Pension entering the market refers to the securities investment of individual account fund in the basic endowment insurance fund. Yang Lixiong, deputy director of China Social Security Research Center at Renmin University of China, believes that the risk of pension investment in the capital market is not small. He suggested that pensions could be invested in corporate bonds. 'although the risk of investing in corporate bonds is also very high, because many corporate bonds in China are state-owned corporate bonds, the risk is much lower, and the future income of the invested projects can be expected. 'Yang Lixiong said.
Tang Jisong, director of the Fund Supervision Bureau of the Ministry of human resources and social security, said that in order to cope with the risks of fund investment and operation, we should promote the continuous expansion of the investment and operation scale of pension funds, guide local governments to establish the concept of long-term investment, and encourage local governments to continue and expand the entrusted investment scale of basic pension funds.
Well, the above is the content of pension increase in 2019 introduced by Xiaobian. I hope it can help you solve your doubts.