Pension payment time per month 10. The time for issuing pensions in Ganjingzi District of Dalian is from the month after the administrative department of labor and social security approves retirement, and it will be issued on 10 every month. The basic pension, also known as retirement fee, is the most important pension insurance treatment. In 2022, the basic pension for retirees will increase by 4%. The legal basis is the basic pension. Before the reform of the old-age insurance system in China, the basic pension, also known as pension and retirement fee, was the most important old-age insurance.