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Can I get a pension increase if I retire in January this year?

Pensions have been confirmed to be adjusted in 2022, because the Ministry of Finance proposed at the National Finance Conference that it would moderately increase the basic pensions of retirees.

Secondly, although the pension adjustment plan for 2022 has not yet been announced, according to the practice of pension adjustment personnel scope, retirees who can participate in the pension adjustment for that year must complete the retirement procedures and receive benefits before December 31 of the previous year.

pensioners.

Therefore, the scope of people who are expected to participate in the 2022 pension adjustment is those who have completed the retirement procedures and received pensions before December 31, 2021.

Retirement wages are pensions.

One thing that the elderly are more concerned about after retirement is pension. Our country has recently promulgated relevant regulations on retirement salary increases: 1. Basic pension insurance benefits are adjusted according to equal distribution: According to the latest news, the current basic pension is composed of (

Basic pension, personal account pension, transitional pension) were separated and integrated, and the basic pension was renamed "basic pension insurance".

After the adjustment, urban and rural residents will be fully covered. From now on, it will no longer be the case that those with higher wages can pay more and get more, but will become a unified standard.

The level of status no longer affects the amount of retirement pay. For those who have worked for a long time, labor subsidies will be used after retirement.

2. Principles for adjustment of basic pension insurance: The adjustment principle is: basic pension insurance benefits are based on the time a citizen participates in social labor as the basis for calculating and adjusting basic pension insurance benefits, and are distributed equally based on the unit time of participation in social labor.

The goal is not to improve the level of benefits and increase the average pension level of retirees, but to be fair and reasonable. The basic pension insurance benefits are "to enhance fairness, adapt to liquidity, and ensure sustainability" as the purpose.

3. Calculation formula of adjusted pension: 1. Calculation formula of adjusted pension: personal pension amount = old-age pension, labor pension and personal savings fund; 2. Monthly labor pension = average monthly salary of local employees in the previous year ×

Labor pension percentage × individual’s cumulative payment years, monthly personal pension = 110% of the individual’s personal account savings at retirement ÷ (76 – individual’s actual retirement age) ÷ 12; 3. Monthly old-age pension = local employment in the previous year

The average monthly salary of employees × [age subsidy rate × (individual age - 65) labor subsidy rate × individual cumulative payment years].

4. Explanation on basic pensions and personal account pensions: 1. Basic pensions are paid by social pooling funds. The monthly standard of basic pensions is based on the average monthly salary of employees on the job in our city in the previous year and my indexed average monthly contribution salary and participation.

The average indexed monthly average salary of the guarantor is the base number, and 1% of the premium will be paid every year.

2. Personal account pensions are paid from personal account funds, and the monthly payment standard is based on the amount of personal account savings divided by the number of months.

After the personal account fund is used up, it will be paid from the social pooling fund.

The monthly pension standard for personal accounts is the amount saved in the personal account divided by the number of months.

In short, the latest regulations show that retirement salary increases will be based on the principle of fairness and justice, and working time and age must be taken into account.

This provision will further promote social equity and sustainability, and those with low pre-retirement wages can also receive retirement wages.

If you still have any questions about retirement salary increase, you can consult a professional lawyer and they will answer you in detail.

Legal basis: Article 93 of the Civil Servant Law of the People's Republic of China: If a civil servant meets one of the following conditions, he or she may apply for early retirement upon approval by the appointment and removal authority: (1) The employee has served for thirty years or more.

; 2) The retirement age stipulated by the state is less than five years away, and the working years are more than 20 years; (3) Other circumstances stipulated by the state that allow for early retirement are met.

Article 94 After retirement, civil servants shall enjoy pensions and other benefits stipulated by the state. The state shall provide necessary services and assistance for their life and health, and encourage them to use their personal expertise and participate in social development.