The central adjustment fund is implemented based on revenue and expenditure, and all funds raised in the current year are allocated to local governments.

The central adjustment fund is allocated based on a per capita fixed amount, and the amount of funds allocated is determined based on the number of retirees in each province approved by the Ministry of Human Resources and Social Security and the Ministry of Finance.

The allocation amount of a certain province = the approved number of retirees in a certain province × the national per capita allocation amount.

Among them: the national per capita allocation = the central adjustment fund raised/the approved number of retirees nationwide.