Retirees' pensions increased by an average of 5.5% this year.
source: China new network
the Ministry of Finance 29 announced 2017 central budget, one of its budget statements, from January 1, 2017, According to an average of 5.5%, the pension standard of retirees in enterprises and institutions should be raised.
this year's government work report proposes that we should continue to raise basic pensions for retirees to ensure payment in full and on time. China News Network reporter noted that the government work report did not disclose the specific increase in the pension, and now the increase is finally announced.
the statement on the central government's budget for local tax return and transfer payment in 2017 shows that the budget for the basic pension transfer payment is 566 billion 617 million yuan, an increase of 69 billion 147 million yuan, up 13.9% from the 2016 implementation number.
notes that this is mainly from January 1, 2017, increasing the pension standards of retirees in enterprises and institutions and institutions, as well as the number of basic pension insurance for urban and rural residents, in accordance with an average of 5.5%.
need to point out that in 2016, the total pension increased by 6.5%, and this year the pension will continue to rise, which will achieve "Thirteen consecutive rises". This is a reassurance for the majority of retirees, which means that the pensions will get larger this year.