The basic pensions for urban and rural residents have been raised in many places. How much has it increased?

　　Chinanews.com, Beijing, February 15th (Reporter Li Jinlei) Pensions ushered in new changes.

　　Since the New Year, many regions have announced the increase of basic pensions for urban and rural residents.

Some provinces have also made it clear that they will raise the basic pensions for retirees.

The basic pensions of urban and rural residents in many places ushered in an increase

　　The basic pension insurance benefits for urban and rural residents consist of basic pensions and personal account pensions.

Among them, the basic pension consists of three parts: the minimum standard of the basic pension determined by the central government, the basic pension raised by the local government, and the basic pension with an additional number of years.

　　Since 2023, the basic pension standards for urban and rural residents have been raised in many places, including at least Ningxia, Henan, Hebei, Guizhou and other places.

　　Among them, starting from January 2023 in Ningxia, the basic pension for urban and rural residents in the region will be increased by 10 yuan per person per month. After the increase, the basic pension standard for urban and rural residents in the region will reach 180 yuan per person per month.

　　Starting from January 1, 2023, Henan will increase the minimum standard of the basic pension for urban and rural residents to 123 yuan per person per month, which is an increase of 10 yuan on the basis of the original 113 yuan per person per month.

　　Starting from January 1, 2023 in Hebei, the minimum basic pension standard for basic pension insurance for urban and rural residents will be raised from 123 yuan per person per month to 133 yuan.

　　Guizhou proposed in the 2023 government work report that the minimum basic pension standard for urban and rural residents will be raised to 128 yuan per person per month.

　　In addition, some cities have also adjusted the basic pension standards for urban and rural residents. Among them, Changsha will increase the basic pension for urban and rural residents by another 10 yuan from January 2023.

The basic pension for urban and rural residents in Quanzhou City will increase by 10 yuan per person per month. After adjustment, the basic pension standard in all regions will not be lower than 150 yuan per person per month.

　　Feng Wenmeng, director of the Research Office of the Public Administration and Human Resources Research Institute of the Development Research Center of the State Council, told Zhongxin Finance and Economics that the basic pensions for urban and rural residents have been raised in various places, highlighting the importance of further improving the level of pension security for urban and rural residents.

The increase in basic pensions for urban and rural residents is a positive for those participating in the pension insurance for urban and rural residents.

　　The report of the 20th National Congress of the Communist Party of China calls for the improvement of a multi-level social security system that covers the whole people, balances urban and rural areas, is fair and unified, safe and standardized, and sustainable.

Feng Wenmeng believes that in recent years, the pension insurance system for urban and rural residents has been continuously improved, and subsidy funds have continued to be invested. With the support of various measures, the establishment of a fairer, more sustainable, and multi-level pension security system has made further progress.

Data map.

Photo by Zhang Yun

Many places will clearly increase the basic pension of retirees

　　The basic pensions of urban and rural residents have risen, so will the basic pensions of retirees rise this year?

　　Zhongxin Finance has noticed that some provinces have clearly stated in the 2023 government work report that they will increase the basic pensions of retirees.

　　Among them, Henan made it clear in the 2023 government work report that the basic pensions for retirees, the basic pensions for urban and rural residents, and the financial subsidy standards for basic medical insurance will be raised.

　　Ningxia proposed in the 2023 government work report to continue to increase the basic pensions of retirees.

Shanghai stated in the 2023 government work report that it will coordinate and improve the standards of social security benefits such as pensions, medical insurance, and subsistence allowances.

　　Beijing proposed in the "Beijing's 2023 Plan for the Division of Work of Important People's Livelihood Projects" to continue to adjust the basic pensions for retirees, regular benefits for work-related injury insurance, basic pensions for urban and rural residents, and welfare pension standards.

　　In accordance with the requirements of the "Social Insurance Law", the state has established a normal adjustment mechanism for basic pensions.

According to the increase of average wages of employees and rising prices, timely increase the level of basic pension insurance benefits.

　　According to data from the National Bureau of Statistics, China's economy will grow by 3% in 2022, and the per capita disposable income of national residents will increase by 2.9% in real terms after deducting price factors.

The annual consumer price (CPI) rose by 2.0% over the previous year.

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