With the approval of the Party Central Committee and the State Council, the Ministry of Human Resources and Social Security and the Ministry of Finance issued the "Notice on Adjusting the Basic Pensions for Retirees in 2023" on the 22nd, clarifying that starting from January 1, 2023, retirement procedures will be completed in accordance with the regulations before the end of 2022.

The basic pension level will be increased for retirees from enterprises, government agencies and institutions who receive basic pensions on a monthly basis. The overall adjustment level will be 3.8% of the monthly per capita basic pension for retirees in 2022.

Xinhua News Agency data map Notice of the Ministry of Human Resources and Social Security and the Ministry of Finance on adjusting the basic pension for retirees in 2023 The people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, all ministries and commissions of the State Council, and all directly affiliated institutions, and the Xinjiang Production and Construction Corps: approved by the Party Central Committee and the State Council.

Starting from January 1, 2023, the basic pension levels for retirees from enterprises and government institutions (hereinafter referred to as retirees) will be adjusted.

The relevant matters are hereby notified as follows: 1. Adjustment scope.

Retirees who have completed retirement procedures in accordance with regulations before December 31, 2022 and receive basic pensions on a monthly basis.

2. Adjust the level.

The national adjustment ratio is determined based on 3.8% of the monthly per capita basic pension for retirees in 2022.

Each province uses the national adjustment ratio as the upper limit to determine its own adjustment ratio and level.

3. Adjustment methods.

Adopt a combination of fixed quota adjustment, linked adjustment and appropriate inclination, and unify the adjustment methods for retirees in enterprises, government agencies and institutions.

The fixed amount adjustment should reflect the principle of fairness; the linked adjustment should reflect the incentive mechanism of paying more and getting more and paying more for a long time, and should be linked to the retiree's own contribution years (or working years) and basic pension level;

For regional retirees, the adjustment level can be appropriately increased.

Continue to ensure that the basic pension of enterprise retired military cadres who have been placed to work in local areas and have participated in basic pension insurance is not lower than the average basic pension level of local enterprise retirees.

It is necessary to further strengthen incentives and appropriately increase the proportion of linked adjustments.

4. Source of funds.

Adjust the funds required for basic pensions. Those who participate in the basic pension insurance for enterprise employees will be disbursed from the basic pension insurance fund of enterprises, and those who participate in the basic pension insurance for staff of government agencies and institutions will be disbursed from the basic pension insurance funds of government agencies and institutions.

The central government will provide appropriate subsidies to the funds needed for the central and western regions, old industrial bases, Xinjiang Production and Construction Corps, and central state agencies in Beijing and their affiliated institutions.

Local finance will provide certain subsidies for local adjustments to the funds for new expenditures on basic pensions for enterprise retirees.

For those who have not participated in the basic pension insurance for employees, the funds required for adjustment will be provided through the original channels.

5. Organization and implementation.

Adjusting the basic pension for retirees is an important measure to protect and improve people's livelihood, and reflects the cordial care of the Party Central Committee and the State Council for the majority of retirees.

All regions must attach great importance to it, effectively strengthen leadership, carefully organize implementation, strengthen publicity and interpretation, correctly guide public opinion, and ensure the smooth progress of the adjustment work.

In accordance with the unified deployment of the Party Central Committee and the State Council, combined with the actual situation of the region, a specific implementation plan must be formulated and submitted to the Ministry of Human Resources and Social Security and the Ministry of Finance for filing before May 31, 2023.

It is necessary to strictly follow the implementation plan approved by the Ministry of Human Resources and Social Security and the Ministry of Finance, and implement various adjustment policies in place.

It is necessary to take practical measures to strengthen the management of pension insurance fund revenue and expenditure, make fund arrangements in advance, and ensure that basic pensions are paid out in full and on time, and no new arrears are allowed.

Without the approval of the Ministry of Human Resources and Social Security and the Ministry of Finance, it is not allowed to increase the basic pension level of retirees on its own, and it is not allowed to increase the level of benefits in a disguised manner by setting minimum pension standards.

The adjustment of basic pensions for retirees will be included in the assessment of provincial government pension insurance work.

The adjustment plans for central state agencies and affiliated institutions in Beijing are formulated and implemented by the Ministry of Human Resources and Social Security and the Ministry of Finance.