According to incomplete statistics, in 2021, 16 provinces and cities in China have adjusted the minimum pension of local provincial urban and rural residents. The 16 provinces and cities are Shanghai, Beijing, Tibet, Zhejiang, Jiangsu, Guangxi, Inner Mongolia, Ningxia, Xinjiang, Jiangxi, Gansu, Jilin, Shandong, Hubei, Anhui and Hainan, benefiting a total of 72.09 million elderly people receiving pension insurance benefits for urban and rural residents.
At present, the minimum standard of basic pension in the country was adjusted on July 1, 2020, from 88 yuan per month to 93 yuan per month. Provinces and cities can make additional improvements on top of the national minimum basic pension standard. For example, the basic pension standard in Beijing has been raised from 820 yuan to 850 yuan from January 1; the basic pension in Shanghai has been raised from 1100 yuan to 1200 yuan from January 1, which is the highest level in the country.
In addition, in 2021, the basic pension standard for urban and rural residents in the Tibet Autonomous Region is 205 yuan. Since July 1 this year, Shandong Province has raised the basic pension standard from 142 yuan to 150 yuan, an increase of 8 yuan. Jiangsu Province raised the basic pension standard from 160 yuan last year to 173 yuan from January 1. The basic pension standard in Zhejiang Province will be raised from the previous 165 yuan to 180 yuan from August 1, 2021. In The Xinjiang Autonomous Region, the minimum basic pension standard will be raised from 145 yuan to 150 yuan from January 1, 2021. Gansu Province also raised from 108 yuan to 113 yuan, an increase of 5 yuan. From July 1, 2021, the minimum standard of basic pension in Inner Mongolia will be raised from the original 133 yuan to 140 yuan. From January 1, 2021, Hubei Province will increase from 108 yuan per person per month to 115 yuan per person per month, an increase of 7 yuan on the basis of the original standard. Since July 1, 2021, Jilin Province has risen from the original 108 yuan per person per month to 113 yuan. Since July 1, the minimum standard in Guangxi Autonomous Region has been raised from the original 121 yuan per person per month to 131 yuan per person per month.
I believe that most people know that the pension of the basic endowment insurance for employees is adjusted every year, and this is written into the Social Insurance Law. Article 18 of the Social Insurance Law stipulates that the state shall establish a normal adjustment mechanism for basic pensions and raise the level of basic old-age insurance benefits in a timely manner according to the average wage growth and price growth of employees. Since 2005, the pension of corporate retirees has increased by 17 consecutive years. However, China also has urban and rural residents' pension insurance, why can't the treatment of this insurance be adjusted year by year?
In fact, urban and rural residents' pension insurance is a kind of full savings treatment, pension mainly consists of two parts: basic pension and personal account pension.
The pension treatment of individual accounts comes from individual contributions, collective subsidies and state subsidies, while the basic pension treatment is all derived from state subsidies. Most people pay urban and rural residents' pension insurance according to the lowest grade, generally 100 to 1000 yuan per year. The main treatment is derived from the basic pension subsidized by the state, and in 2018, the per capita pension level of urban and rural residents' pension insurance in China was 125 yuan, of which 113 yuan was derived from the basic pension subsidized by the government.
In 2018, the Ministry of Human Resources and Social Security and the Ministry of Finance issued the Guiding Opinions on the Establishment of a Mechanism for Determining the Basic Pension Insurance Treatment and the Normal Adjustment Mechanism for the Basic Pension for Urban and Rural Residents, and all localities have successively established a normal adjustment mechanism for pensions, and the basic pension benefits have also been rapidly improved.
Through continuous efforts in recent years, in 2020, the number of urban and rural residents receiving pension insurance benefits in China reached 160.68 million, the pension insurance fund expenditure was 335.5 billion yuan, and the per capita monthly pension insurance treatment was 174 yuan. It is believed that in the future, more and more regional basic pension standards will be able to reach the level of Beijing and Shanghai. #16省份上调城乡居民养老金 #