How much is the pension going up this year?

The specific increase in pensions in 2024 has not yet been announced, so the exact figures cannot be given.

The increase of pension is usually influenced by many factors, including economic development, financial situation, price level and social security policy. Judging from the trend of the past few years, the increase of pension has fluctuated, but it has maintained a certain growth on the whole. But the specific annual increase will be adjusted according to the actual situation, so it is impossible to predict in advance. In order to obtain the most accurate information on pension increase, it is suggested to pay attention to the official announcements of relevant government departments or social security institutions. These institutions will release the latest policies on pension adjustment in time to ensure that retirees can understand and enjoy the relevant policies in time.

Pension collection process:

1. Make an appointment in the service hall of the social security service center and go through the retirement review procedures;

2. Go to the window set up by the Human Resources and Social Security Bureau for retirement approval;

3. If you meet the retirement conditions, please bring the retirement approval form and yourself to the personal payment window to modify the basic information and confirm the payment;

4. Go to the designated bank to handle the pension agency.

To sum up, the increase of pension in 2024 is still uncertain, and it needs to wait for the official announcement of relevant government departments. Please stay tuned for the latest information.

Legal basis:

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

Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.