20 18, pensions for retirees of enterprises and institutions and pensions for urban and rural residents have all been paid out. Pensions for retirees will be raised by 5%, and the minimum standard of basic pensions for urban and rural residents will be raised 17 yuan. The Notice on Establishing the Central Adjustment System of the Basic Old-age Insurance Fund for Enterprise Employees clearly states that the central adjustment fund is composed of funds in the old-age insurance funds of various provinces, and the calculation base is 90% of the average salary of employees in various provinces and the number of employees who should be insured on the job. The dissolution ratio starts from 3% and increases gradually. The central adjustment fund will be supported by income, and all the funds raised in that year will be distributed to local governments according to the per capita quota distribution method.