Retirees’ pensions will rise again, and it is estimated that 114 million retirees will benefit.

　　People’s Daily Online, Beijing, March 23 (Zhang Wenting) The basic pension for retirees will rise again. A few days ago, the Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued the "Notice on Adjusting the Basic Pension for Retirees in 2018", clarifying that the pension for retirees will be raised from January 1, 2018, and it is estimated that 114 million retirees will benefit.

　　This adjustment is the second consecutive year in 2016 and 2017, when China uniformly adjusted the basic pensions for retirees of enterprises, institutions and institutions, and continued to simultaneously arrange for the improvement of pensions for retirees.

　　Which retirees’ pensions can go up? How much is it going up?

　　According to the Notice, retirees from enterprises, institutions and institutions who have gone through retirement procedures and received basic pensions on a monthly basis before the end of 2017 can raise the basic pension level.

　　The overall adjustment range is about 5% of the monthly basic pension for retirees in 2017.

　　The relevant person in charge said that this adjustment will continue to adopt a unified adjustment method combining quota adjustment, hook adjustment and appropriate tilt. The quota adjustment reflects social equity, and the adjustment standards for all types of retirees in the same area are basically the same; Hook adjustment embodies the incentive mechanism of "paying more and getting more" and "paying more for a long time", so that those who pay more and pay more for a long time can get more pensions; Appropriate tilt reflects the key concern, mainly for the elderly retirees and retirees in hard and remote areas and other groups to take care of.

　　Where does the fund for adjusting the pension come from?

　　According to reports, the funds needed to adjust the basic old-age pension are paid from the basic old-age insurance fund of enterprises, and those who participate in the basic old-age insurance for employees of government agencies and institutions are paid from the basic old-age insurance fund of government agencies and institutions. The central government will give appropriate subsidies to the central and western regions, old industrial bases, Xinjiang Production and Construction Corps, central state organs and affiliated institutions in Beijing. Did not participate in the basic old-age insurance for employees, the adjustment of the funds needed by the original channel to solve.

　　Adjusting the pension for retirees is a great welfare to improve security and people’s livelihood. In this regard, the two ministries and commissions require all regions to formulate specific implementation plans according to the actual situation and submit them to the two ministries and commissions for approval before May 31, 2018. It is not allowed to raise the adjustment level and break through the adjustment policy. It is necessary to take effective measures to strengthen the management of income and expenditure of the basic old-age insurance fund, make arrangements for funds in advance, and ensure that the basic pension is paid in full and on time, and no new arrears may occur.

　　For areas that raise their own adjustment level and break through the adjustment policy, they will be criticized and accountable, and the central financial subsidy funds will be deducted accordingly. The adjustment plan of the central state organs and their affiliated institutions in Beijing is formulated and implemented by the Ministry of Human Resources and Social Security and the Ministry of Finance.