Global EditionASIA 中文双语Français
China
Home / China / National affairs

Govt raises basic pension of seniors

By CHENG SI | chinadaily.com.cn | Updated: 2019-03-20 13:40
A nurse explains an eye test to an elderly woman at a hospital in East China's Shandong province. [Photo/IMAGINECHINA]

The government has increased basic aged-care pension by 5 percent for retired personnel, according to a news release by the Ministry of Human Resources and Social Security on Wednesday.

The policy, effective Jan 1, is projected to benefit 118 million employees of companies, government departments and public institutions.

According to the release, increasing the basic aged-care pension will help secure retired people a happier life against the backdrop of price hike and a sustainable pension insurance fund.

It’s the fourth consecutive year the government increase the aged-care pension for retired personnel from companies, government department and public institutions since 2016, the release said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US