How much will the endowment insurance increase this year?

At the beginning of each year, Ministry of Human Resources and Social Security will calculate this year's pension increase according to the situation, but this is only a broad average ratio. For example, this year's increase is 5.5%. Specific policies should be formulated by local governments and released around August every year. The specific increase is divided into three parts. In the first part, everyone will increase the fixed guarantee. The second part, according to the payment period, the longer the payment period, the more it will rise. The second part, according to special circumstances, such as the elderly, hard and remote areas, people who joined the work before the founding of the people's Republic of China and other policies to give care. You need to look at the pension situation, that is, the longer you pay the pension insurance, the higher your pension will be. Under normal circumstances, the state will regularly raise the basic pension according to the level of economic development and the current price level to meet the needs of social development. It should be noted that the pension insurance must be paid for 15 years before you can receive the pension. If it is not until 15, you need to continue to pay endowment insurance.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Twenty-third employees should participate in the basic medical insurance for employees, and the employer and employees should jointly pay the basic medical insurance premiums in accordance with state regulations.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.

Article 35 The employing unit shall pay the work-related injury insurance premium according to the total wages of employees and the rate determined by the social insurance agency.

Article 44 Employees shall participate in unemployment insurance, and employers and employees shall jointly pay unemployment insurance premiums in accordance with state regulations.

Fifty-third employees should participate in maternity insurance, the employer should pay maternity insurance premiums in accordance with state regulations, and employees do not pay maternity insurance premiums.