20 16 new salary increase policy for retirees in Shanghai.

Ministry of Human Resources and Social Security and the Ministry of Finance recently issued the Notice on Adjusting the Basic Pension for Retirees in 20 16. The overall adjustment level is about 6.5% of the monthly basic pension of retirees in enterprises, institutions and institutions in 20 15, and the method of combining quota adjustment, hook adjustment and appropriate inclination is adopted.

Linkage adjustment is embodied in the incentive mechanism of "getting more for more work, getting more for more work", which is linked to factors such as payment period and basic pension level, and gives appropriate care to groups such as senior retirees and enterprise retirees in hard and remote areas.

At present, the Shanghai Municipal Government is working hard to formulate detailed implementation rules in accordance with the requirements of this circular and local conditions. It is estimated that it will take some time to adjust and raise the pension for retirees, but it will be reissued from June 2065438 to June 2006.