Legal analysis: 1. Adjustment scope.

Retirees who have completed retirement procedures in accordance with regulations before December 31, 2020 and receive basic pensions on a monthly basis.

2. Adjust the level.

The overall adjustment ratio nationwide is determined based on 4.5% of the monthly per capita basic pension for retirees in 2020.

Each province uses the national overall 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 "pay more, get more, pay more" and "pay more, get more", and can be linked to the retiree's own contribution years (or working years), basic pension level and other factors;

Elderly retirees and retirees in difficult and remote areas can appropriately increase their adjustment level.

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 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 central and western regions, old industrial bases, Xinjiang Production and Construction Corps, and central state agencies in Beijing and their affiliated institutions.

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 enhance security and improve people's livelihood. It 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.

Specific implementation plans must be formulated in accordance with the unified deployment of the Party Central Committee and the State Council and combined with the actual conditions of the region, and submitted to the Ministry of Human Resources and Social Security and the Ministry of Finance for filing before April 30, 2021.

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.

Regions that raise the level of adjustment on their own, break through adjustment policies, make one-time supplementary payments in violation of regulations, or handle early retirement in violation of regulations will be criticized and held accountable, and central fiscal subsidy funds and central adjustment funds will be deducted accordingly.

The adjustment plans for central and 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.

Legal basis: "Social Insurance Law of the People's Republic of China" Article 25 The state establishes and improves the basic medical insurance system for urban residents.

The basic medical insurance for urban residents combines individual contributions and government subsidies.

The government subsidizes the required personal contributions for people who enjoy the minimum living security, disabled people who have lost the ability to work, elderly people over 60 years old and minors from low-income families.