How much will the pension increase in 2023 after retirement in 2022?

Will pensions rise or not in 2023? Some places have already given the answer. Good news came from pensions in 2023, and many places made it clear that they would continue to raise the basic pension for retirees. So, how much is the pension expected to increase this year?

Multiple positions will increase pensions.

In recent days, people's congresses have been held in various provinces, and some provinces have clearly put forward the requirements of raising pensions in the 2023 government work report.

Among them, Shanghai made it clear in the government work report that the social security treatment standards such as pensions, medical insurance and subsistence allowances should be improved as a whole. In the government work report, Henan proposed to raise the basic pension for retirees, the basic pension for urban and rural residents and the financial subsidy standard for basic medical insurance.

In addition, Beijing has announced the work of people's livelihood in 2023, one of which includes continuing to adjust the basic pension for retirees and the regular treatment of industrial injury insurance.

Therefore, in view of the fact that Shanghai, Beijing, Henan and other places have made it clear that pensions will continue to be raised in 2023, there is a high probability of continuing to raise pensions for retirees in 2023. Why do you say that?

Some people may ask that the basic pension for retirees has gone up, and all localities have no right to decide for themselves. Must obey the unified deployment of the country. Does it count that these provinces have raised pensions?

Generally speaking, the government work report at the National People's Congress in March each year will determine whether the pension will rise, and then Ministry of Human Resources and Social Security and the Ministry of Finance will issue a specific pension adjustment notice, and all localities will formulate their own pension adjustment plans according to the notice. The adjustment of pension is carried out under the unified arrangement of the whole country, and the provinces are responsible for its implementation. Therefore, these provinces are the first to reveal that pensions will continue to rise in 2023, and release the news of pension increase in advance, so it can be expected that the possibility of pension increase in 2023 is already great.

How much will the pension increase in 2023?

The above-mentioned provinces only made it clear that pensions will continue to rise in 2023, but did not specify the specific increase of pensions. In fact, the specific increase in pensions depends on the unified arrangements of the state, and some provinces can't decide for themselves.

How much pensions can rise in 2023 will not be officially announced until March and April. It is still unknown.

In fact, the increase of pension refers to the wage increase and price increase in the previous year. According to the National Bureau of Statistics, the price increase will be 2% in 2022. The main purpose of raising the pension is to hedge the impact of rising prices on the basic life of retirees. Therefore, it is expected that the increase in pensions in 2023 will not be a big problem.

In 2022, retirees' pensions rose successfully, with an overall increase of 4%, which was 0.5 percentage points lower than the increase of 4.5% in 20021year. In view of the economic growth rate in 2022, the fall of price increase, wage increase and other factors, the pension increase in 2023 may continue to narrow, possibly at 3%-3.5%, which is only a forecast and not formally determined. For the formal pension adjustment notice, let's wait and see, don't worry.