After entering October, the pensions for some elderly people who retire in 2022 are re-issued, and the social security payment base in some areas has also been adjusted. The elderly in some areas such as Shandong and Henan have also paid winter heating fees. The elderly in Shanghai, Ningbo , Hangzhou and other places are expected to pay Spring Festival holiday fees as usual. After everything is settled, the 2023 pension adjustment for retired elderly people is about to come.
Why is pension adjustment done?
Look at the pension calculation formula. In order to achieve the preservation and appreciation of pensions, the basic pension is linked to the average social salary of retirement in the previous year. The average social wage is increasing every year, so it is understandable that the pension for retired elderly people is adjusted every year. Since 1992, Beijing has achieved 30 consecutive increases in basic pension for corporate retirees.
2005, " Decision of the State Council on Improving the Basic Pension Insurance System for Enterprise Employees " clearly states that it is necessary to establish a normal adjustment mechanism for basic pensions, and adjust the basic pension level of enterprise retirees in a timely manner according to changes in employees' wages and prices. It was also from this time that the pensions for retirees ushered in a unified national increase year by year, and by 2022, it had achieved 18 consecutive increases.
2011 " Social Insurance Law " is implemented, and the normal adjustment mechanism for pensions is included in the legal provisions. The basic basis is based on the growth of employees' average wages and rising prices. In September 2022, our consumer price index increased by 2.8% year-on-year. According to the requirements of the government work report, the consumer price index control this year is expected to be within 3%. Price growth and pension growth have achieved an important prerequisite for growth, and growth is expected.
The process followed for annual pension adjustment.
annual pension adjustment is actually prepared from December each year. At the end of December each year, the National Financial Work Conference will be held, and financial arrangements will be made for pension growth. Many people may not know that the collection income of our pension insurance is only one of the sources of income from the pension insurance fund, and governments at all levels will also subsidize a large amount of funds for the pension insurance fund every year. According to the information released by the Ministry of Finance's press conference in April 2022, the scale of the subsidy funds for basic pension insurance in 2021 has reached about 90 billion yuan, and will further increase in the future.
In March of each year, the government work report that year clearly announced the news of the increase in pensions. In April, the responsibility decomposition of the government work report will make work arrangements for the increase in pensions, which are generally led by the Ministry of Human Resources and Social Security and the Ministry of Finance, and set time limit requirements. Like 2022, it is required to be completed before the end of July. From April to May of each year, the national pension adjustment notice will be announced, and then localities are required to formulate adjustment plans and report them to the Ministry of Human Resources and Social Security and the Ministry of Finance for filing. Local governments will announce pension adjustment plans and organize implementation in June and July, which will generally be completed before the time limit.
How to adjust pensions.
Annual notice on national pension adjustment will clarify the basic principles of pension adjustment. For example, the scope of pension adjustment, the overall proportion of adjustment, the basic method of adjustment, the funding source arrangement, etc.
The pension adjustment methods in recent years have basically been fixed on quota adjustment, linkage adjustment, and appropriate tilt on . The adjustment of the quota means that everyone increases the same amount of pension money, which reflects the principle of fairness. The linkage adjustment is mainly divided into linkage based on the payment period and the pension level. In recent years, the proportion of linkage based on the pension level has become increasingly larger. The focus is on reflecting the incentive mechanism of paying more and paying more and paying more and paying more and paying more and paying more and paying more. The tilt adjustment is mainly aimed at tilt care for difficult and remote areas and elderly people.
Overall, , according to the practice of pension adjustment and the current background of price growth, pensions will definitely continue to be adjusted in 2023, and the pensions for the elderly will become higher and higher. The state has the ability to ensure that the pensions for retired elderly people are paid on time and in full, so don’t worry.
