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When will the August 1st pension benefit increase?

The August 1st pension will increase in 2022.

Because according to the latest news released on the official platform of the Ministry of Veterans Affairs on March 11, the meeting proposed many key work arrangements for this year, one of which is to continue to increase the pension subsidy standards for special care recipients and gradually improve the level of service guarantees.

This is also equivalent to a reassurance for the recipients of special care, which means that before the Army Day this year, the Ministry of Veterans Affairs and the Ministry of Finance will jointly issue a notice to "raise the standard of pension subsidies."

It is understood that if the pension fund continues to grow in 2022, it will be the 18th consecutive year that the country has increased the pension subsidy standards for pension recipients.

Starting from August 1 this year, the disability pension standards for disabled persons, the "three categories" regular pension standards, and the "three red" living subsidy standards will be increased by 10% on the current basis.

On the current basis, each person will be increased by 1,200 yuan per year, and the standard of living allowance for the elderly children of martyrs will be increased from the current 390 yuan per person per month to 440 yuan. The above-mentioned increase funds will be borne by the central government.

Legal Basis: Article 39 of the "Regulations on Work-related Injury Insurance" If an employee dies on the job, his or her close relatives shall receive funeral subsidy, dependent relative's pension and one-time work-related death subsidy from the work-related injury insurance fund in accordance with the following provisions: (1) Funeral subsidy

It is the average monthly salary of employees in the previous year in the coordinated area for 6 months.

(2) Dependent relatives pension shall be paid based on a certain proportion of the employee's salary to relatives who were unable to work and who provided the main source of livelihood for the employee who died on the job.

The standard is: 40% per month for spouses, 30% per month for each other relative, and an additional 10% per month for the elderly or orphans on the basis of the above standards.

The total approved pension for each dependent relative shall not be higher than the salary of the employee who died on the job during his lifetime.