On June 30th, Ministry of Human Resources and Social Security officially announced the 14th five-year plan for the development of human resources and social security. This plan puts forward the main objectives of the "14 th Five-Year Plan" period, in which it is clear that "the level of social security benefits will be steadily improved and the fund will operate safely and smoothly." Social security benefits such as pensions continue to rise steadily, which is good news for more than 654.38+200 million retirees. In fact, it is not only the current 65.438+0.2 billion, because the retirement peak will be ushered in during the 14 th Five-Year Plan period, and the baby boomers born in 654.38+0.963 will retire. Ministry of Human Resources and Social Security also put forward a figure in this plan, that is, 40 million new retirees will be added during the 14th Five-Year Plan period. It is equivalent to an increase of one-third on the basis of current retirees. This number is very large. By 2025, the number of retirees will reach 65.438+600 million. On the whole, due to the increasing number of retirees, the time to receive pensions is also extended with the extension of life expectancy, and the expenditure pressure of pension funds is increasing day by day, so the finance will also give subsidies.
In 2020, the central government's subsidy to the endowment insurance fund will reach more than 580 billion yuan. Therefore, the financial situation is also a factor to consider. Therefore, the annual increase of pension in the future depends on price changes, average wage growth of employees, fund affordability and financial situation.
Legal basis: People's Republic of China (PRC) Social Insurance Law.
Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.
Twenty-first new rural social endowment insurance benefits are composed of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.
Article 22 The State shall establish and improve the social endowment insurance system for urban residents. The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, according to the actual situation, combine the social endowment insurance for urban residents with the new rural social endowment insurance.