How much has the basic pension for urban and rural residents been raised in many places？

　　BEIJING, Beijing, February 15 (Reporter Li Jinlei) Pensions have ushered in new changes.

　　Since the new year, many regions have announced that they will raise the basic pension for urban and rural residents. Some provinces have also made it clear that they will raise the basic pension for retirees.

　　The basic pension for urban and rural residents in many places has risen.

　　The basic old-age insurance for urban and rural residents consists of basic pension and personal account pension. Among them, the basic pension consists of three parts: the minimum standard of basic pension determined by the central government, the basic pension improved by the local government and the additional basic pension.

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

　　Among them, since January 2023, the basic pension for urban and rural residents in Ningxia has been increased by 10 yuan per person per month. After the increase, the basic pension standard for urban and rural residents in Ningxia has reached 180 yuan per person per month.

　　From January 1st, 2023, the minimum standard of basic old-age insurance for urban and rural residents will be raised to 123 yuan per person per month, that is, the 10 yuan will be increased on the basis of 113 yuan per person per month.

　　Since January 1, 2023, the minimum standard of basic pension for urban and rural residents has been raised from 123 yuan per person per month to 133 yuan.

　　In the government work report of Guizhou in 2023, the minimum standard of basic pension for urban and rural residents was 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, since January 2023, the basic pension for urban and rural residents in Changsha has been raised again in 10 yuan. The basic pension for urban and rural residents in Quanzhou is increased by 10 yuan per person per month, and the adjusted basic pension standards are not lower than 150 yuan per person per month.

　　Feng Wenmeng, director of the Research Office of the Institute of Public Administration and Human Resources of the State Council Development Research Center, told Zhongxin Finance that the basic pensions for urban and rural residents have been raised in various places, which highlights the importance attached to further improving the level of old-age security for urban and rural residents. The increase of basic pension for urban and rural residents is a good thing for the insured of urban and rural residents’ old-age insurance.

　　Report to the 20th CPC National Congress calls for a sound multi-level social security system covering the whole people, coordinating urban and rural areas, being fair, unified, safe, standardized and sustainable. Feng Wenmeng believes that in recent years, the old-age insurance system for urban and rural residents has been continuously improved, and subsidy funds have been continuously invested. With the support of various measures, the establishment of a fairer, more sustainable and multi-level old-age security system has gone further.

　　Many places will definitely raise the basic pension for retirees.

　　The basic pension for urban and rural residents has risen, so will the basic pension for retirees rise this year?

　　Zhongxin Finance has noticed that some provinces have clearly stated in the 2023 government work report that they will raise the basic pension for retirees.

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

　　In the government work report in 2023, Ningxia proposed to continue to raise the basic pension for retirees. In the 2023 government work report, Shanghai said that it would make overall plans to improve social security treatment standards such as pensions, medical insurance and subsistence allowances.

　　In the "Division of Labor Plan for Running Important Livelihood Projects in Beijing in 2023", Beijing proposed to continue to adjust the basic pension for retirees, regular treatment of industrial injury insurance, basic pension for urban and rural residents and welfare pension standards.

　　According to the requirements of the Social Insurance Law, the state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the level of basic old-age insurance benefits will be improved in a timely manner.

　　According to the data of the National Bureau of Statistics, China’s economy will grow by 3% in 2022, and the per capita disposable income of the whole country will actually increase by 2.9% after deducting the price factor. The annual consumer price (CPI) rose by 2.0% over the previous year. (End)