USEUROPEAFRICAASIA 中文双语Français
Opinion
Home / Opinion / Hot Words

基础养老金上调(jīchǔyǎnglǎojīn shàngtiáo): Basic pension increases

China Daily | Updated: 2017-05-15 07:50

Old-age insurance consists of a basic pension and personal account pension. The central government decides the minimum level for the basic pension, but local authorities can increase the basic pension they provide according to the actual local situation. At present the minimum basic pension set by the central government is 70 yuan ($10) per person per month.

According to media reports, at least eight provincial-level regions including Shanghai, Hebei province, and the Inner Mongolia autonomous region recently increased the basic pension they provide. For instance, from now on, Shanghai's urban and rural resident basic pension will increase 100 yuan to 850 yuan. And the Inner Mongolia autonomous region has issued an announcement that the basic pension will increase 20 yuan to 110 yuan per person per month, which will benefit 2.23 million urban and rural pensioners.

Many provincial governments have also said lower level authorities can further increase local residents' basic pension standard according to the actual situation in their localities.

Most Viewed in 24 Hours
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