Zhongxin Finance, May 26 (Reporter Li Jinlei) The pension in 2022 officially ushered in an increase.
The Ministry of Human Resources and Social Security and the Ministry of Finance issued the "Notice on Adjusting the Basic Pension of Retirees in 2022" on the 26th, clarifying that the basic pension level of retirees in enterprises and institutions will be adjusted from January 1, 2022.
How much?
The notice clarifies that the national adjustment ratio is determined at 4% of the monthly per capita basic pension for retirees in 2021.
Each province shall determine the adjustment ratio and level of its own province with the national adjustment ratio as the upper limit.
Who can go up?
According to the notice, retirees who have completed the retirement procedures and received the basic pension on a monthly basis before December 31, 2021 can enjoy the pension adjustment.
So, if you are a person who just retired in 2022, it is not included in the scope of this adjustment.
Pension infographic.
Source: Figure Worm Creative
how?
In this adjustment, the adjustment method combining quota adjustment, link adjustment and appropriate tilt will continue to be adopted, and the adjustment method for retirees of enterprises and government agencies and institutions will be unified.
The adjustment of quota should reflect the principle of fairness; the adjustment of link should reflect the incentive mechanism of overpayment and long-term payment, and should be linked with the retiree’s own contribution years (or working years) and the basic pension level; Regional retirees may appropriately increase the adjustment level.
Who rose more?
It can be seen that elderly retirees and retirees in difficult and remote areas enjoy tilt adjustment, and their pensions can be increased a little more.
In addition, the notice requires to continue to ensure that the basic pension of retired military-transferred cadres from enterprises who have been resettled to work locally and have participated in the basic pension insurance shall not be lower than the average basic pension of local enterprise retirees.
It is necessary to further strengthen incentives and appropriately increase the proportion of link adjustment.
When will it go up?
When exactly will it be adjusted?
The notice requires that all localities should formulate specific implementation plans based on the actual conditions of their regions, and submit them to the Ministry of Human Resources and Social Security and the Ministry of Finance for recordation before May 31, 2022.
It is necessary to strictly follow the implementation plan approved by the Ministry of Human Resources and Social Security and the Ministry of Finance, and implement various adjustment policies in place.
It should be noted that the pension adjustment is implemented from January 1, so when the pension increase is realized, the pension that has increased since January 1 will also be reissued.
Where does the money come from?
According to the notice, the funds required to adjust the basic pension will be paid out of the basic old-age insurance fund of enterprises participating in the basic old-age insurance for employees of enterprises, and paid from the basic old-age insurance fund of government agencies and public institutions for those participating in the basic old-age insurance for employees of government agencies and institutions.
The central finance will provide appropriate subsidies for the funds needed by the central and western regions, old industrial bases, Xinjiang Production and Construction Corps, central state organs in Beijing and their affiliated institutions.
The local finance will give certain subsidies to the local adjustment of the funds for the new expenditure arrangement of pensions for retirees of enterprises.
For those who do not participate in the basic pension insurance for employees, the funds required for adjustment shall be settled through the original channel.
Ensure that basic pensions are paid on time and in full
The notice requires that measures should be taken to strengthen the management of the income and expenditure of the basic pension insurance fund, make fund arrangements in advance, and ensure that the basic pension is paid in full and on time, and no new arrears may occur.
Without the approval of the Ministry of Human Resources and Social Security and the Ministry of Finance, the basic pension level of retirees shall not be raised on their own, and the treatment level shall not be raised in disguise by establishing minimum pension standards.
The adjustment of basic pensions for retirees shall be included in the assessment of the national overall planning of endowment insurance of provincial governments; the issue of reductions in fund revenue and expenditures caused by policies issued by local governments shall be dealt with in accordance with the relevant provisions of the national overall planning system after verification.
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