In the 2023 pension adjustment, retirees from government agencies and institutions will increase more, is it true? The continuous increase in pensions is mainly due to the provisions of Article 18 of the "Social Insurance Law". The state establishes a normal adjustment mechanism

In the 2023 pension adjustment, the number of retirees in government agencies and institutions will increase even more. Is it true?

The time has come to late December 2022, and there are only less than 10 days before the arrival of 2023. No matter when, retirees are most concerned about the adjustment and payment of pensions. As of 2022, employee pensions have increased for the 18th consecutive time, and retirees’ pockets are getting fatter.

The continuous rise of pensions is mainly due to the provisions of Article 18 of the "Social Insurance Law" that the state has established a normal adjustment mechanism for basic pensions to timely increase the level of basic pension insurance benefits based on the growth of average employee wages and price growth. Judging from the current economic development, wage and price growth, and pension insurance fund income and expenditure, there is almost no suspense about the pension increase in 2023, and the 19th increase will most likely come as scheduled. Recently, some retirees are discussing, When the pension is raised in 2023, will the pension increase for retirees in government agencies and institutions increase more?

In fact, we have talked about the topic of pension increases more than once on our program. In previous pension adjustment plans, there was no specific mention of increasing money for retirees from government agencies and institutions. Therefore, when pensions are adjusted in 2023, retirees from government agencies and institutions will get more money. This statement is incorrect for the following reasons.

First, the adjustment of pensions for retirees of enterprises and government institutions is a unified adjustment model.

According to the adjustment plans over the years, they are all carried out in the three-step form of fixed adjustment, linked adjustment and tilt adjustment.

First of all, the quota adjustment is a sunny adjustment method. All retirees in the same province and city adjust the same amount.

Secondly, the linkage adjustment is mainly made by the double linkage between pension level and payment period. It mainly embodies the basic principle of "pay more and get more and pay more and get more". That is to say, the higher the pension and the longer the retiree's contribution years, the higher the increase will be. The last part of

is tilt adjustment. This part reflects special care for specific groups of people. Generally, there are three categories: senior citizens, military-transferred cadres, and retirees from difficult and remote areas.

Based on the continuity and stability of important policies, if pension adjustments continue to be adjusted in 2023, there is a high probability that it will still be carried out in accordance with the three-step model. So, who can get more money mainly depends on the level of pension, the length of payment years, whether they meet the advanced age, military transfer cadres and retirement preference in remote areas. The same applies to retirees from government agencies, institutions and enterprises.

Second, some corporate retirees have received more money than retirees from government agencies and public institutions.

Although the pensions of most retirees from government agencies and public institutions are higher than those of corporate retirees, there are also some corporate retirees whose pensions and payment years are higher than those of retirees from government agencies and public institutions. For example, Lao Zhang, a retiree from an enterprise, has a pension of 8,000 yuan and has a payment period of 40 years; while Lao Li, a retiree from a government agency, has a pension of 6,800 yuan and has a payment period of 35 years. If both of them belong to the same region and neither of them enjoys the tilt adjustment, the amount of increase for Lao Zhang who retired from the enterprise will definitely be greater than that for Lao Li who retired from the government agency. Therefore, the amount of increase for retirees from government agencies and institutions is not necessarily greater than that for corporate retirees.

In summary, the pensions for retirees in government agencies, institutions and enterprises have been integrated. This means that pension calculations and adjustments are all unified. There is no preference for which side during adjustment. The only factors that directly affect the pension adjustment amount are the fixed adjustment amount in the region, pension level, payment years and tilt adjustment. Therefore, when pensions are adjusted in 2023, the amount of increase for retirees in government agencies and institutions may not necessarily be greater.

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