The Notice of Ministry of Human Resources and Social Security and the Ministry of Finance on Adjusting the Basic Pension for Retirees in 2022 stipulates that all provinces and cities are required to submit a plan to increase the pension by 3 1 in May 2022. Therefore, it is expected that the upward adjustment plan will be announced one after another in June, and the pension difference may be reissued before the end of July at the latest.

fundamental/essential component

Basic pension consists of basic pension, personal account pension and transitional pension, that is, basic pension = basic pension+personal account pension+transitional pension. And the payment period (including deemed payment period) has accumulated to 15 years, only those who enjoy the transitional pension will enjoy the transitional pension, that is, on the basis of the basic pension and the personal account pension, the transitional pension will be issued.

Basic pension consists of basic pension, personal account pension and transitional pension, that is, basic pension = basic pension+personal account pension+transitional pension. And the payment period (including deemed payment period) is accumulated to 15 years. Only those who enjoy the transitional pension can enjoy the transitional pension, that is, on the basis of the basic pension and the personal closed car pension, the transitional pension will be issued.