Hainan’s new pension increase policy in 2023 is as follows: 1. The fixed amount is adjusted to an increase of 50 yuan per person per month; 2. The linkage is adjusted to be double-linked to the payment period and the basic pension level; 3. The tilt adjustment is aimed at elderly retirees and those with hardship

Additional subsidies will be provided to retirees in remote areas; 4. The increase in Hainan's pension will also achieve a simultaneous increase in retirement pensions and employee pension insurance, ensuring that the quality of life of retirees is equivalent to that of employees.

According to the 2023 Hainan pension increase plan, retirees who meet the following conditions can enjoy the pension adjustment: 1. Retirees from enterprises and institutions who have gone through retirement procedures and receive basic pensions on a monthly basis in accordance with national regulations; 2. 2023

The Hainan Pension Adjustment Plan stipulates that retirees in Hainan Province participate in basic pension insurance in accordance with the provisions of the "Pension Insurance Law of the People's Republic of China and the State" and fulfill their payment obligations.

According to the 2023 Hainan pension increase plan, the following materials are required: 1. Original and copy of retirement certificate or proof of receipt of basic pension; 2. Original and copy of ID card; 3. Original and copy of bank card or passbook.

To sum up, the specific operational requirements in different regions may be slightly different. It is recommended to consult the local social security department or go to the social security hall to go through relevant procedures before applying.

In addition, retirees in Hainan Province can also use the "face recognition" system to verify their pension qualifications to ensure that they can enjoy pension adjustments in a timely manner.

Legal basis: Article 12 of the "Social Insurance Law of the People's Republic of China" 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 record 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.

Article 13 Before employees of state-owned enterprises and public institutions participate in basic pension insurance, the basic pension insurance premiums that should be paid during the deemed payment period shall be borne by the government.

When there is insufficient payment from the basic pension insurance fund, the government will provide subsidies.