Chinanews client, Beijing, October 27th (Reporter Li Jinlei) There is good news for pensions and wages.

Pensions for urban and rural residents in 16 provinces have risen

  On October 27, the Ministry of Human Resources and Social

Security

revealed

at a

press conference in the third quarter of 2021 that

16 provinces have increased the basic pension insurance for urban and rural residents at the provincial level, exceeding that of last year.

Pension data map.

Source: Figure Worm Creative

  This adjustment benefits 72.09 million urban and rural elderly people in Shanghai, Beijing, Tibet, Zhejiang, Jiangsu, Guangxi, Inner Mongolia, Ningxia, Xinjiang (including Xinjiang Production and Construction Corps), Jiangxi, Gansu, Jilin, Shandong, Hubei, Anhui, Hainan and other places.

  Among them, Shanghai adjusted the basic pension standard of the endowment insurance for urban and rural residents from 1,100 yuan per person per month to 1,200 yuan per person per month, an increase of 100 yuan, the highest in the country.

  Next is Beijing. Starting from January 1, 2021, new people will receive basic pension insurance benefits for urban and rural residents, and the basic pension standard is 850 yuan per person per month.

Pay slips.

Photo by Chinanews reporter Li Jinlei

18 regions raise the minimum wage

  Not only pensions, but the minimum wage has also risen.

The Ministry of Human Resources and Social Security revealed that

18 regions including Beijing, Shanghai, Zhejiang and Jiangsu have adjusted their minimum wage standards.

  A reporter from Chinanews.com found that compared with the suspension of minimum wage increases in most provinces in 2020, 2021 can be described as a major year for minimum wage increases.

  Among them, Shanghai's monthly minimum wage was adjusted from 2,480 yuan to 2,590 yuan, an increase of 110 yuan, ranking first in the country.

The monthly minimum wage in Beijing has been adjusted from no less than 2,200 yuan to no less than 2,320 yuan, an increase of 120 yuan.

  The Ministry of Human Resources and Social Security stated that the next step will be to strengthen the macro-control of corporate wages, guide localities to rationally adjust the minimum wage standards, and continue to do a good job in the distribution of skilled talents, corporate salary surveys, and labor cost monitoring in the manufacturing industry.

1.1 trillion yuan in pension investment

  According to data from the Ministry of Human Resources and Social Security, as of the end of September, the number of people participating in basic pension, unemployment, and work-related injury insurance was 1.021 billion, 226 million, and 279 million, respectively.

  From January to September, the total fund income was 4.78 trillion yuan, the total expenditure was 4.57 trillion yuan, and the accumulated balance was 6.53 trillion yuan. The fund operation was generally stable.

  As of the end of September, the scale of entrusted investment contracts for the national basic pension insurance fund was 1.25 trillion yuan, and the

amount received was 1.1 trillion yuan.

Elderly profile map.

Source: Visual China

The personal pension system is coming!

  It is worth noting that the personal pension system that has received much attention has the latest news.

The Ministry of Human Resources and Social Security stated that the

next step is to formulate opinions to promote the development of personal pensions and to study and introduce supporting policies.

  According to media reports, Nie Mingjun, director of the Pension Insurance Department of the Ministry of Human Resources and Social Security, recently stated at the 2021 Financial Street Forum annual meeting that a personal pension system supported by taxation and other policies will be established to provide workers who participate in basic pension insurance with personal pension accumulation. System choice.

The personal pension plan is to adopt a personal account system.

  According to reports, in the selection of investment products, the products that meet the requirements of savings deposits, bank wealth management, commercial pension insurance, public funds, etc., are used as personal pension products, so that participants can choose independently according to different preferences and also serve the market. Full and fair competition creates a good environment.

(over)

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