According to the National Bureau of Statistics, the data of China will continue to grow in 2022. 1~ In the third quarter, the wage income of urban and rural per capita disposable income increased by 5. 1%, and the consumer price index increased by 2%.
As the accumulated balance of China's endowment insurance fund still exceeds 5 trillion yuan, the national social security fund's rights and interests exceed 2.5 trillion yuan, and there are 10% shares of state-owned enterprises. Therefore, there is no problem for pensions to continue to grow in 2023.
How much will the pension increase? The basic pension for enterprise retirees in China has been adjusted once a year since 2005. From 2005 to 2007, the pension adjustment range was 60%, 100% and 70% of the social wage increase in the previous year, respectively. From 2008 to 20 15, the average increase of pension was 10% of the basic pension level of the previous year.
Pensions for retirees from government agencies and institutions and pensions for retirees from enterprises have been uniformly adjusted since 20 16, and the adjustment rate of pensions in that year was 6.5%. In 20 17, it dropped again, reaching 5.5%. From 20 18 to 2020, the pension adjustment will be 5%. 202 1 year 4.5%, 4% in 2022.
In fact, due to the high pension level of retirees in government agencies and institutions, the average adjustment range of their pensions is generally lower than the national average adjustment range of pensions by about 1 percentage point. The average adjustment range of enterprise retirees' pensions is generally about 0.5 percentage points higher than the national average adjustment range of pensions.
Due to the downward trend of pension adjustment and the economic situation this year, it is estimated that the pension growth rate will continue to drop by about 0.5 percentage points in 2023, possibly 3.5%, considering the pressure of income and expenditure of pension funds under the aging trend.