China's pension funds are backed by social security funds and government finance, and retirement pensions are basically increasing every year. From 2005 and 2008 to 20 15, the increase in 9 years was above 10%. The biggest increase was 23.7% in 2006. Even before the financial crisis in 2007, the increase was 9. 1%.

Under the condition that the individual contribution level of the insured person is not reduced, the basic pension standard will be gradually raised, and the pension that can be obtained every month will definitely increase. Moreover, it can be said with certainty that with the development of economy and society, the pension of urban and rural residents will gradually increase.

In fact, the payment of endowment insurance is rising every year. For most on-the-job employees, there may not be too many practical feelings. After all, whether it is employees of enterprises or units, enterprises or units bear most of the payment management and payment ratio in this respect, and individuals only need to bear part of the payment ratio. For example, individuals need to bear 8% of the old-age insurance, but this does not require individuals to pay separately, but is directly deducted from wages, so most employees will not feel the changes in the payment of old-age insurance.

legal ground

People's Republic of China (PRC) social insurance law

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Thirteenth employees of state-owned enterprises and institutions to participate in the basic old-age insurance, the basic old-age insurance premium should be paid by the government during the payment period. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.