According to relevant national policies, the basic pension of retirees will be increased again in 2023, but the specific increase standard needs to be determined based on the actual situation in each place.
According to relevant national policies, starting from January 1, 2019, the basic pension of pension insurance will be increased in an orderly manner.
Among them, part of the national unified funds allocated by the central government will be used to increase the pensions of retirees from enterprises, government agencies and institutions, and the provincial finance will increase the basic pensions of urban and rural residents in accordance with a proportion that is not lower than the minimum living security standard for local urban and rural residents.
As for whether the basic pension of retirees will be increased in 2023, the exact increase standard has not yet been announced.
However, it can be seen from the information disclosed by relevant national departments that the increase in pensions will still be a trend and some financial subsidies will be added to retirees.
It should be noted that pension increase standards vary in different regions.
The specific increase standard will be comprehensively considered based on various factors such as economic development, price levels, and residents’ income levels.
Therefore, retirees need to pay attention to notices and announcements from relevant departments in their region and learn about pension adjustments in a timely manner.
What if my pension doesn’t increase enough to cover my living expenses after I retire?
If after retirement, the pension increase is not enough to cover the cost of living, you can take the following measures based on your actual situation: 1. Increase your income through appropriate financial management methods, such as choosing inter-bank financial management products or purchasing commercial insurance; 2.
Cut back on living expenses.
For example, reduce entertainment consumption, purchase discounted goods, etc.; 3. Try to avoid debt problems.
Debt pressure will be greater after retirement, so try not to borrow money or get involved in high-risk investments for the sake of small profits.
Generally speaking, the basic pension of retirees will be increased to a certain extent in 2023, but the specific increase standard needs to be further announced by the relevant departments.
For individuals, they should pay attention to financial planning and control expenses in life to ensure the quality of life after retirement.
Legal basis: Article 1 of the "Interim Measures on Retirement and Resignation of Workers" Workers in enterprises, institutions owned by the whole people, state agencies, and people's organizations who meet one of the following conditions should retire: (1) Males are over sixty years old
, the female is over fifty years old and has served for ten consecutive years.
(2) Those who are engaged in underground, high-altitude, high-temperature, particularly heavy physical labor, or other work that is harmful to health, men over fifty-five years old, women over forty-five years old, and have worked continuously for ten years.
This provision also applies to grassroots cadres whose working conditions are the same as those of workers.
(3) The male is over 50 years old, the female is over 45 years old, has worked continuously for ten years, has been certified by the hospital and confirmed by the labor appraisal committee, and has completely lost the ability to work.
(4) Disabled due to work, certified by the hospital and confirmed by the Labor Appraisal Committee, indicating that the person has completely lost the ability to work.