The pension will be increased by 4% in 2022.

The Ministry of Human Resources and Security and the Ministry of Finance issued a notice that the national adjustment ratio in 2022 will be determined based on 4% of the monthly per capita basic pension for retirees in 2021.

Each province uses the national adjustment ratio as the upper limit to determine its own adjustment ratio and level.

1. Adjustment range.

Retirees who have completed retirement procedures in accordance with regulations and received basic pensions on a monthly basis before December 31, 2021 2. Adjustment measures.

Adopt a combination of fixed quota adjustment, linked adjustment and appropriate inclination, and unify the adjustment methods for retirees in enterprises, government agencies and institutions.

The fixed amount adjustment should reflect the principle of fairness; the linked adjustment should reflect the incentive mechanism of paying more and getting more and paying more for a long time, and should be linked to the retiree's own contribution years (or working years) and basic pension level;

For regional retirees, the adjustment level can be appropriately increased.

Continue to ensure that the basic pension of enterprise retired military cadres who have been placed to work in local areas and have participated in basic pension insurance is not lower than the average basic pension level of local enterprise retirees.

It is necessary to further strengthen incentives and appropriately increase the proportion of linked adjustments.

3. Source of funds.

Adjust the funds required for basic pensions. Those who participate in the basic pension insurance for enterprise employees will be disbursed from the basic pension insurance fund of the enterprise. Those who participate in the basic pension insurance for staff of government agencies and institutions will be disbursed from the basic pension insurance funds of government agencies and institutions.

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The central government will provide appropriate subsidies to the funds needed for the central and western regions, old industrial bases, Xinjiang Production and Construction Corps, and central state agencies in Beijing and their affiliated institutions.

Local finance will provide certain subsidies for local adjustments to the arrangement of new pension expenditures for enterprise retirees.

For those who have not participated in the basic pension insurance for employees, the funds required for adjustment will be provided through the original channels.

Legal Basis Article 10 of the Social Insurance Law: Employees shall participate in basic pension insurance, and the employer and the employee shall jointly pay the basic pension insurance premiums.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel can participate in basic pension insurance, and the basic pension insurance premiums are paid by individuals.

The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.

Article 11 The basic pension insurance shall be combined with social pooling and personal accounts.

The basic pension insurance fund is composed of employer and individual contributions and government subsidies.

Article 12 The employer shall pay basic pension insurance premiums in accordance with the proportion of the total wages of its employees stipulated by the state, and record them into the basic pension insurance pooling fund.

Employees should pay basic pension insurance premiums in accordance with the proportion of their wages stipulated by the state and credit them into their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance in the employer, and other flexible employment personnel who participate in basic pension insurance shall pay basic pension insurance premiums in accordance with national regulations and record them separately in the basic pension insurance pooling fund

and personal accounts.