What does the annual increase in endowment insurance mean for retirees? What does the annual increase in endowment insurance actually mean for retirees? The first thing to note is that what we are talking about here is the increase of endowment insurance, not the increase of pension, and there is an essential difference between the two. Pension insurance is raised every year, which is actually the increase of social security contribution fund, that is to say, your pension insurance contribution will be raised every year, which is actually not related to retirees.

As long as we are retirees, he has experienced basic pension benefits, and I don't have to pay basic pension insurance, so it is not closely related to retirees. But it is still very harmful to all employees. As long as our employees pay the basic old-age insurance normally every year, whether you are an employee of an enterprise or a flexible employment group, you need to pay the basic old-age insurance normally every year. Naturally, due to the improvement of the social security payment base, this part of the expenses I pay will gradually increase, which is the greatest harm to the insured payers.

In fact, as retirees, what they care about is not whether this old-age insurance will rise, but whether the pension will rise every year. In fact, there is still a certain connection between old-age insurance and pension. Because the average social wage of the previous year is also the base of our social security contributions, and it is also one of the key conditions for calculating the pension benefits of retirees at the beginning, so they will use the same standard to calculate. That can also show the profile. In areas where the average social wage is relatively high, the pension benefits of retirees are actually quite high.

Although the annual growth of old-age insurance is not directly related to our retirees, I think in a sense, only the annual growth of social security contribution base can ensure that everyone's social insurance fund is relative to income and expenditure. Then we can lay the normal growth of pensions every year. Although we can see that from 2005 to 20021year, the pension benefits of retirees in China increased continuously by 17, but the contribution base of endowment insurance actually increased every year.

Moreover, strictly speaking, the proportion of the increase in the deposit base of endowment insurance every year is basically far greater than the proportion of the increase in pensions. Therefore, this is the premise and basic condition for laying a good foundation for the basic pension and increasing it normally every year. Naturally, as a retiree, he will only pay attention to whether this pension is increasing. Naturally, he will adjust his pension as scheduled this year, according to the standardized 4.5% of the average pension. Up to now, most areas in China have promulgated adjustment plans, and a considerable number of retired people have already received this alternative pension.

Because this is what they are more concerned about, naturally, the continuous increase of pension every year can show that the minimum living security for retired people has been qualitatively improved, including your quality of life, including all areas of your life. In fact, to a certain extent, this is the benefit that pension growth can bring to retired people.