This means that Shanghai currently needs a lot of funds to pay out pensions to the elderly, but this should not be difficult for Shanghai, and it will be paid out on time and in full. The details are as follows: First, the epidemic will not affect the normal payment of pensions.

The rebound of the epidemic in Shanghai has indeed affected the normal work arrangements of some government departments. For example, many places in Shanghai have currently suspended offline business processing.

But now pensions are basically paid online and electronically, so the epidemic will not have a big impact on the payment of pensions. I believe that the relevant departments in Shanghai will definitely arrange for staff to go to work normally to pay pensions to retired people.

, so everyone’s pensions can still be paid normally as usual.

It's just that after the pension is paid, everyone may not be able to queue up at the bank to handle cash withdrawals as before.

Nowadays, many elderly people are not used to using electronic payments. Once their pensions are paid, they will go to the bank to withdraw cash to meet some daily expenses. However, the epidemic in Shanghai is relatively severe now, and many banks will control offline business.

Please note that some bank branches may not be able to handle cash withdrawals normally.

Second, Shanghai’s fiscal revenue is very large, and the epidemic is not enough to affect the overall fiscal revenue.

Many people may be worried that the outbreak of the Shanghai epidemic will affect fiscal revenue and thus affect the full payment of pensions. There is no need to worry.

Although the rebound of the epidemic in Shanghai will indeed have a certain impact on the economy, according to Shanghai's own economic size and fiscal revenue, Shanghai's fiscal revenue is still very sufficient.

For example, in 2021, the city's general public budget revenue in Shanghai reached 777.18 billion yuan, a year-on-year increase of 10.3% compared to 2020. The huge fiscal revenue provides a strong backing for the full payment of pensions.

For example, in 2021, Shanghai's social security subsidies from fiscal revenue alone will reach 41.2 billion yuan.

Third, Shanghai’s pension insurance fund balance is very abundant.

Shanghai's pension income has always been very large, and the balance of social security funds is also very sufficient.

Let’s take 2021 as an example. In 2021, Shanghai’s social insurance fund revenue will be 544.32 billion yuan, a year-on-year increase of 53%.

Among them, insurance premium income was 481.13 billion yuan, fiscal subsidy income was 41.2 billion yuan, and interest and other social insurance income was 21.99 billion yuan.

Including the 50.29 billion yuan in central government adjustment fund revenue, the total revenue was 594.61 billion yuan.

In 2021, Shanghai's social insurance fund expenditure was 461.97 billion yuan, plus central adjustment fund expenditure of 64.94 billion yuan, the total expenditure was 526.91 billion yuan, the annual balance was 67.7 billion yuan, and the year-end rollover balance was 526 billion yuan.

It can be seen that the current pension balance in Shanghai is very sufficient, ensuring the normal payment of pensions to the majority of retirees without any problems.

Fourth, Shanghai may still become the first province in the country to announce a pension increase.

In addition to paying attention to whether pensions can be paid normally, I believe that for retirees in Shanghai, everyone will also be concerned about whether pensions can be increased.

As for whether pensions can be increased in 2022, there is no official document yet, but judging from the information disclosed by various departments, the nationwide pension increase in 2022 is basically a certainty.

If the national pension continues to be raised in 2022, Shanghai is likely to become the first province in the country to announce a pension adjustment plan. Judging from the performance of each province in the past few years, Shanghai will be the first province in the country to announce a pension adjustment plan in 2020 and 2021.

Provinces with financial adjustment plans.

Moreover, after Shanghai announced the pension adjustment plan, it was implemented very quickly. For example, the 2021 pension plan was announced on May 12, and corporate employee pensions were paid out before the end of the month. This speed is quite fast.

In short, according to Shanghai's own economic size, fiscal revenue and pension balances, the epidemic will not affect the normal payment of pensions to the majority of retirees, so there is no need to worry.