Adjustment scope: retirees who have gone through retirement procedures and received basic pension on a monthly basis before June 5438+February 3, 20201.

Adjust the level. The national overall adjustment ratio is determined according to 4.5% of the monthly per capita basic pension for retirees in 2020, and the provinces determine their own adjustment ratio and level with the national overall adjustment ratio as the upper limit.

Adjustment method. Take a combination of quota adjustment, hook adjustment and appropriate tilt to realize the unification of the adjustment methods for retirees in enterprises, institutions and institutions. The quota adjustment should reflect the principle of fairness, and the linked adjustment should reflect the incentive mechanism of overpayment, which can be linked to factors such as retirement payment years or working years and basic pension level. For senior retirees and retirees in hard and remote areas, the adjustment level can be appropriately improved. We will continue to ensure that the basic pension for retired and demobilized cadres who have been placed in local jobs and participated in the basic old-age insurance is not lower than the average level of retirees in local enterprises, and further strengthen incentives to appropriately increase the proportion of linked adjustment.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

laws and regulations

People's Republic of China (PRC) social insurance law

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.