USEUROPEAFRICAASIA 中文双语Français
China
Home / China / Society

China raises pensions for 13th year in a row

Xinhua | Updated: 2017-04-14 17:48
BEIJING -- China has decided to raise the basic old-age pension for retirees in 2017, a 13th straight year of pension rises.

Starting from the beginning of this year, the average monthly payment for pensioners of enterprises, government agencies and public institutions has been lifted by 5.5 percent from the 2016 level, according to a circular issued by the Ministry of Human Resources and Social Security and the Ministry of Finance on Friday.

The increase was milder than the 6.5-percent pension rise last year.

Authorities attributed the slower increase to moderating economic growth and a rapidly aging society, which imposes a heavier burden on the country's pension funds.

Editor's picks
BACK TO THE TOP
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