Are pensions still going up this year?

The year 2022 is also coming to an end, and many retirees are beginning to look forward to next year's pension hike, as everyone has formed a habit. Pensions have consistently risen over the past 18 years, allowing some retirees to subconsciously determine that pensions will go up every year. So, will pensions continue to rise in 2023? If it goes up, is it true that those with higher levels of pensions will see more of an increase?

One, the possibility of pension increases in 2023 is relatively large, is expected to realize 19 years of consecutive increases

Pension as the only economic source of most retirees, the level of which is directly related to the quality of life in retirement, the number of people who receive employee pensions is currently more than 130 million, a large number of people. By continuously raising the level of pension insurance benefits, it is an important means to improve people's livelihood, enhance the sense of well-being and promote the development of China's pension cause.

The social security law also clearly stipulates that the level of pension benefits will be raised according to factors such as price increases and average social wage growth. This year, I believe we have felt the rise in prices. The social security contribution base has also generally increased this year, and the income of the social security fund will also increase.

In addition, the most important point is that the social security fund is running soundly and maturely, not only is the accumulated balance of funds huge, such as the accumulated balance of the pension fund of more than 5.2 trillion, but also through the market-oriented investment and operation, you can get a relatively good return, the average annual rate of return of 6.49%, coupled with the improvement of the system, through the central transfer, the state-owned equity transfer, etc., also in the tamping down the fund's home base.

So there is a high probability that pensions will continue to rise in 2023, although it is possible that there will be a downward adjustment in the percentage of increase compared to this year.

Two, 2023 pensions if the rise, is not the higher the level of pensions, rise more?

After the past 18 years of continuous rise, the per capita pension of enterprise retirees also reached 2,987 yuan in 2021, while there is also a certain pension gap between retirees, so if the pension continues to rise in 2023, is not the higher the pension level of the people, the higher the rise in the number of money?

The answer is not necessarily. Because according to the previous way of pension rise, pension rise is not directly in accordance with the individual's pension multiplied by the proportion of the rise to calculate, for example, this year's pension rise of 4%, the individual's pension of 5,000 yuan, then it is not directly in accordance with the 5,000 * 4% = 200 to calculate, but through the flat-rate adjustments, pegged adjustments, as well as tilted adjustments, which depends on the person you will appear to have a high pension that the amount of money going up may be less than those with low pensions.

Take an example. Suppose 40 years of service of an organization retiree Lao Zhang, pension 6,000 yuan; 30 years of service of an enterprise retiree Lao Li, pension 3,500 yuan. The former is 62 years old and the latter is 81.

If the pension increase program in that place is like this: the flat-rate adjustment is 42 yuan; the linked adjustment part, one is linked to the length of service, every year, the pension increased by 0.9 yuan; one is linked to the level of the pension, the rate of increase of 1.2%; the senior tilt adjustment part, the age of 70 years old less than 75 years of age, an additional 20 yuan, 75 years of age less than 80 years of age, an additional 40 yuan, 80 years of age or more increased by 60 yuan.

Then the old Zhang can rise pension is 42 + 40 * 0.9 + 6000 * 1.2% = 150 yuan.

Li's pension is 42+30*0.9+3500*1.2%+60=171 yuan, which is 21 yuan higher than Zhang's 150 yuan.

In summary

There is hope that pensions will continue to rise in 2023, and those who retired before the end of December 2022 and received their pensions will be able to participate in this pension increase. In accordance with the usual practice, the pension increase will still take the fixed adjustment, pegged adjustment and tilted adjustment to carry out, the higher the pension level, may not rise more money. Because it still depends on the individual's situation, if under the same conditions, the higher the pension level, the higher the money will rise a little more, otherwise there will also be a rise in the money is not as good as the situation of people with low pensions.