In July, various regions began to announce this year's pension adjustment plans one after another. Hunan Province was very fast. On July 4, the "Notice on Adjusting the Basic Pension for Retirees in 2022" was released on the official website of the Hunan Provincial Department of

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Hunan pension adjustment plan announced! How to adjust and calculate how much you can increase?

In July, various regions began to announce this year’s pension adjustment plans one after another. Hunan Province was very fast. On July 4, the official website of the Hunan Provincial Department of Human Resources and Social Security issued the "Notice on Adjusting the Basic Pension for Retirees in 2022" 》(Xianren Society Regulations [2022] No. 27) , after the adjustment plan was announced, retirees in Hunan Province are eager to know how to adjust this year and how much their pensions will increase. Below, we will explain Hunan Province’s adjustment plan for everyone.

Hunan’s pension adjustment method this year will continue to adopt the three-step method of fixed adjustment, linked adjustment and tilt adjustment. However, as the overall increase dropped from 4.5% last year to 4% this year, the adjustment standards of Hunan Province have declined. First, let’s take a look at how Hunan Province’s pensions will be adjusted this year.

First, how will Hunan Province’s pension be adjusted in 2022?

The fixed amount is adjusted to increase by 35 yuan per person per month; in terms of linking to the payment period, the payment period increases by 1.2 yuan for each full year; in terms of linking to the individual's pension level, it increases by 1.4% of the individual's monthly basic pension amount at the end of 2021; tilt adjustment In terms of respect, Hunan is tilted towards the elderly and retirees from difficult and remote areas respectively. The age threshold for the elderly tilt is 70 years old, and the adjustment standards are divided into two age ranges, namely those who are 70 years old to less than 80 years old before December 31, 2021 and For people over 80 years old, the monthly allowance will be increased by 15 yuan and 25 yuan respectively, and for retirees in difficult and remote areas, there will be a tilted adjustment of 10 yuan.

Every retiree in Hunan Province who participates in pension adjustment will have his pension increase strictly calculated in accordance with the above adjustment plan. It can be seen that the amount of pension increase is related to factors such as the number of years of payment, basic pension level, age, and whether it belongs to a difficult and remote area. Due to the differences in the above factors, each retiree will directly lead to more or less increase in pension.

Second, calculate how much you can increase?

According to the pension adjustment plan of Hunan Province, retirees can calculate their increased pensions by simply entering their payment years, basic pension, age conditions, geographical conditions, etc. We calculate by giving two examples.

Grandpa Li: The payment period is 35 years (including the deemed payment period), the basic pension is 5,070 yuan, and he is 72 years old. He is a retiree in a difficult and remote area. Substituting the adjustment details into the calculation, Grandpa Li’s pension increase is

: 35+35*1.2+5070*1.4%+15+10=173 yuan.

Aunt Wang: The payment period is 26 years (including the deemed payment period), the basic pension is 1,690 yuan, the age is 65 years old, and she is not a retiree in a difficult and remote area. Substituting the adjustment details into the calculation, Aunt Wang’s pension increase is

: 35+25*1.2+1690*1.4%=89 yuan.

It can be seen that the payment period, basic pension, whether they belong to the elderly and retirees in difficult and remote areas are all important factors that affect the amount of pension increase. Generally speaking, retirees in Hunan who have long paid contributions and have higher basic pensions can still get more pension increases. This is also a manifestation of the pension incentive principle of "pay more, get more" and "pay more, get more", which is conducive to the healthy and sustainable development of the pension insurance system.