Chinanews client, Beijing, August 4 (Reporter Li Jinlei) The 2020 pension increase has ended. As of now, all 31 provinces across the country have raised their 2020 pensions. How much has the pension you received?

Retirees profile map. Photo by China News Agency reporter Yang Bo

31 provinces' pension adjustment plan determined

  In April of this year, the Ministry of Human Resources and Social Security and the Ministry of Finance issued the "Notice on Adjusting the Basic Pension for Retired Persons in 2020", clarifying that the pension will rise by 5% this year, kicking off the prelude to the rise of pensions.

  This year marks the 16th consecutive year that pensions have risen, and it is also the fifth consecutive year since 2016 that the basic pensions for retirees from enterprises and institutions have been adjusted uniformly.

  Up to now, 31 provinces across the country have determined the pension adjustment plan for 2020, and most provinces have already repaid the rising pension before the end of July.

How much did the pension increase this year?

  "I am a retiree from Jinan, Shandong. I retired in December 2019. I have 43 years and 1 month working experience. I increased my pension for the first time and increased by 268 yuan per month." Some retirees shared their pension increase on social media. .

  Some provinces have announced the increase in pension per capita. For example, the average monthly basic pension for retirees from enterprises, government agencies and institutions in Qinghai Province will be increased by about 218 yuan; the pension for retirees in Ningxia will be increased by 172 yuan per month; the pension for retirees in Yunnan will be increased by 167.7 yuan; the pension in Inner Mongolia will be adjusted per capita An increase of 147.2 yuan.

Pension cartoons. Author: Wang Shanshan

  What needs to be explained is that this year's pension will rise by 5%, and the specific adjustment method is still a "three-step", that is, increase in accordance with quota adjustment, linkage adjustment and tilt adjustment.

  The quota adjustment reflects social justice, and the adjustment standards for all types of retirees in the same area are basically the same. Among them, Tibet’s quota adjustment amount was 80 yuan, the highest in the country; followed by Shanghai, where the quota increased by 75 yuan.

  The linkage adjustment is mainly linked to the payment period and pension level, reflecting the incentive mechanism of "paying more, earning more money" and "paying more money for long-term payments", so that people who pay more and pay more for long-term pay while on the job receive more pensions.

  Among them, the Fujian pension linkage increased by 2.35%, the Shanghai pension linkage increased by 2.3%, and the Guangdong pension linkage increased by 2.2%. These three places are also regions where the pension linkage adjustment ratio exceeds 2%.

These people up pension the

  Appropriate tilt reflects key care, and some people can raise more money. Observing the pension adjustment plan for 31 provinces in 2020, mainly to take care of groups such as elderly retirees, retirees in difficult and remote areas, and retired military cadres from enterprises. Their pension can go up a bit more.

  For example, Beijing will increase an additional 45 yuan per month for retirees aged 65 to 69; an additional 55 yuan per month for each person aged 70 to 74; an additional 65 yuan per month for each person aged 75 to 79; People increase by 75 yuan per month.

  Ningxia has made it clear that each person who is 70 years old and less than 75 years old will increase by 10 yuan per month; those who are 75 years old and less than 80 years old will be increased by 15 yuan; for those over 80 years old will be increased by 20 yuan; A further increase of 5 yuan per month, and another 10 yuan per person per month in the third-class areas of hardship and remote areas; adjustments to 4235 yuan for enterprises transferred from military cadres to 4235 yuan.

Data map: People handle social security services. Photo by China News Agency reporter Zhang Bin

Pension can ensure payment in full and on time

  According to data from the Ministry of Human Resources and Social Security, this year’s reduction and exemption of social insurance premiums has been unprecedented in intensity and scale. The annual corporate pension, unemployment and work-related injury insurance is expected to be reduced by 1.6 trillion yuan, of which corporate pension insurance premiums accounted for 1.5 trillion yuan. Many retirees are therefore worried that, affected by the epidemic, can pensions be paid on time and in full?

  In this regard, the Ministry of Human Resources and Social Security gave a reassurance at the second quarter press conference held on July 21: the reduction or exemption of social insurance premiums will not affect ensuring that pensions are paid on time and in full.

  Nie Mingjun, Director of the Pension Insurance Department of the Ministry of Human Resources and Social Security, revealed that as of the end of June, the national corporate pension insurance fund had a cumulative balance of 4.77 trillion yuan, and it is expected to maintain a balance of more than 3.8 trillion yuan by the end of the year, in addition to more than 2 trillion yuan. The overall support capacity of the National Social Security Strategic Reserve Fund is relatively strong.

  "In terms of system construction, there are fundamental institutional arrangements for ensuring long-term distribution." Nie Mingjun said that at present, 26 provinces across the country have achieved standardized provincial level coordination, and the remaining provinces will also achieve fund provincial level by the end of this year. Unified revenue and expenditure. Standardized provincial-level overall planning can not only further improve the ability of the province's funds to be used in the unified deployment and ensure the province's pension payment, but also lay a good foundation for the next step of national overall planning. (Finish)