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2021 Jiangxi Province Pension Adjustment Plan

Legal analysis: Generally speaking, Jiangxi Province’s pension adjustment plan can be summarized as “two increases and one decrease.”

The "two rises" part is fixed quota adjustment and pension linkage; the "one drop" part is linkage to payment years.

The specific adjustment details are as follows: The first step is to adjust the quota: increase by 40 yuan.

Compared with last year, this year's quota adjustment has increased by 4 yuan.

The second step is to adjust the linkage; link it to the payment period: the payment period is 15 years, and each person will increase by 18 yuan per month, which is 12 yuan less than last year's 30 yuan.

If the payment period is >15 years, the payment will increase by 1.2 yuan for each full year, which is 0.8 yuan less than last year’s 2 yuan.

Linked to pension levels: This year’s pension adjustment ratio increased by 1.35%, an increase of 0.25% from last year’s 1.1%.

The third step is tilt adjustment; this year’s tilt adjustment of pensions in Jiangxi Province is mainly for senior retirees.

Legal basis: Article 10 of the "Social Insurance Law of the People's Republic of China" Employees shall participate in basic pension insurance, and the employer and employee *** shall jointly pay the basic pension insurance premiums.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic pension insurance in the employer, and other flexible employment personnel can participate in the basic pension insurance, and the basic pension insurance premiums are paid by individuals.

The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.

Article 11 The basic pension insurance shall be combined with social pooling and personal accounts.

The basic pension insurance fund is composed of employer and individual contributions as well as government subsidies.

Article 12 The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance overall fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and record them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic pension insurance in the employer, and other flexible employment personnel who participate in the basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations, and shall pay them into the basic pension insurance pooling fund and

personal account.