In July, 2022, Jiangsu Province raised the basic pension for urban employees' pension insurance retirees, and completed the replacement of the difference in pension increase in July.
In September, 2022, Jiangsu Province announced the calculation and payment base of pensions in 2022, stipulating that the calculation and payment base of basic pensions for employees in the province was 65,438 June+10/to February 1 8,309 yuan.
According to the above situation, both those who receive the pension benefits of urban and rural residents and those who receive the pension benefits of urban workers will enjoy the pension increase in 2022.
So what are the six major changes in pensions and wages in Jiangsu Province in 2023? Which five categories of people will benefit?
First, the basic pension for urban and rural residents in Jiangsu Province continued to increase by 8%.
Second, the treatment of urban workers' pension insurance retirees in Jiangsu Province will continue to improve.
Third, in 2023, the calculation and distribution base of pensions in Jiangsu Province will continue to grow.
Fourth, retirees from government agencies and institutions in Jiangsu Province will receive pensions in full.
Fifth, Jiangsu Province will continue to implement delayed retirement, and some people can choose to delay retirement.
Sixth, the minimum wage in Jiangsu Province will be raised, and the wages of low-income people will rise.
First of all, the basic pension for urban and rural residents in Jiangsu Province will continue to increase.
According to the 14th Five-Year Plan for the Development of Human Resources and Social Security in Jiangsu Province, in order to steadily delay the statutory retirement age, expand the coverage of unemployment insurance, and promote the linkage adjustment of social insurance benefits and economic and social development, the minimum standard of basic old-age insurance for urban and rural residents in the province will be adjusted annually by no less than 8% in principle, and the operation supervision of social insurance funds will be strengthened and the social security safety net will be tightened.
Therefore, according to the growth rate of 8%, it is estimated that the basic pension standard for urban and rural residents in Jiangsu Province will be raised to 202 yuan per person per month in 2023.
Secondly, the treatment of urban workers' pension insurance retirees in Jiangsu Province will continue to improve.
At present, the upward adjustment of pension insurance benefits for urban workers is mainly based on the overall planning of the state, among which Article 18 of the Social Insurance Law stipulates that the state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.
According to public reports, as of 2022, the income of pension funds has maintained steady growth, and the average wage and price level of employees have also improved. Therefore, it is expected that the pension for retired employees will continue to increase in 2023.
According to incomplete statistics, as of 202 1, the per capita pension of enterprise employees in Jiangsu province is about 3422 yuan, of which the pension will be raised by 4% in 2022. If it continues to grow by 4% in 2023, it is estimated that the pension increase of retired employees will remain at around 142 yuan in 2023.
Thirdly, in 2023, the pension calculation base of Jiangsu Province will continue to grow.
According to the 2022 economic target issued by Jiangsu Province, the economic growth rate in 2022 is above. If calculated according to the lowest growth rate, the price factor will have an impact in 2022. If the nominal GDP growth rate is calculated according to 202 1, then the GDP of Jiangsu Province will be one trillion yuan in 2022.
According to public reports, the disposable income of Jiangsu Province did slow down in the first three quarters, slower than the national average, but it still maintained a new growth rate.
Therefore, with the increase of income, the corresponding average social wage will continue to rise, which will further affect the growth of pension base in Jiangsu Province in 2023.
Starting from the second time, regarding retirees in Jiangsu Province, pensions are paid in full.
According to public information, the pension benefits of retirees from government agencies and institutions in Jiangsu Province have been straightened out, and some government agencies and institutions have reissued pension benefits.
Although 2023 is still in the ninth year of the transition period of the pension integration of government agencies and institutions, if employees of government agencies and institutions in Jiangsu Province apply for retirement in 2023, the difference in pension benefits calculated according to the old and new methods will be calculated according to 90%.
In other words, temporary pensions will no longer be paid to retirees in advance, but full pensions can be paid directly according to 90% of the difference between the old and new methods.
Finally, the implementation of delayed retirement in Jiangsu Province will continue, and some people can choose to delay retirement.
According to the Notice on the Implementation Measures of Basic Old-age Insurance for Enterprise Employees issued by Jiangsu Provincial Department of Human Resources and Social Security, Jiangsu Province has implemented the policy of delayed retirement for employees since 2022.
It stipulates that the insured person may postpone his retirement for at least one year upon his own application, with the consent of the employer and reported to the administrative department of human resources and social security for the record.
Although the delayed retirement in Jiangsu Province is only a "pilot" at present, the development plan of human resources and social security in Jiangsu Province proposes that during the Tenth Five-Year Plan period, Jiangsu will implement the national overall planning of basic old-age insurance, steadily implement the gradual delay of the statutory retirement age, expand the coverage of unemployment insurance, and promote the linkage adjustment between the level of social insurance benefits and economic and social development.
Therefore, the delayed retirement policy in Jiangsu Province will continue to be implemented in 2023. It should be noted that whether to postpone retirement mainly depends on personal opinions and needs the consent of the employer. It can only be implemented after the human and social departments have successfully filed the record, which will be a favorable policy for employees whose pension insurance payment period is less than 15.
In addition, the minimum wage in Jiangsu Province will be raised, and the wages of low-income people will rise.
According to Article 6 of the Minimum Wage Regulations, to determine and adjust the monthly minimum wage, we should refer to the minimum living expenses of local workers and their dependents, the consumer price index of urban residents, the social insurance premiums and housing accumulation funds paid by individual workers, the average wages of workers, the level of economic development, employment status and other factors.
In Jiangsu province, the pension calculation and payment base in 2022 is 8309 yuan, and the pension calculation and payment base in 202 1 year is 7974 yuan. The improvement of the pension calculation and payment base is mainly based on the increase of the average salary of employed people.
Therefore, it is expected that the minimum wage in Jiangsu Province will continue to increase in 2022. By then, the hourly wages of low-income people, including temporary workers, will increase, and their wage income will also rise accordingly.
On the whole, the following five categories of people will benefit directly, including:
First, if the basic pension for urban and rural residents is raised, the income of farmers receiving urban and rural residents' pensions will increase.
The second is the adjustment of urban workers' pensions, so those who retire on or before February 3, 20221day will enjoy the increase of pensions in 2023.
Third, the base of pension calculation and payment has increased. For those who should retire annually, the retirement benefits will be improved, and the recalculated and reissued pensions will also increase.
The fourth is to rationalize the pension benefits of retirees from government agencies and institutions in Jiangsu Province. In 2023, the pensions of retirees from government agencies and institutions will be paid in full.
Fifth, the minimum wage standard in Jiangsu Province will be raised, and the hourly wage standard of low-income people, including temporary workers and hourly workers, will be raised, and wage income will also rise accordingly.