How much can retirees in Shantou area receive monthly pension

Shantou retirees have had their pensions adjusted upwards since 2016, so how is the progress in Shantou? At the latest these 2 days, Shantou retirees' pension accounts will have a newly adjusted pension in their accounts.

Whose pensions will increase?

The Provincial Department of Human Resources and Social Affairs and the Department of Finance issued the Notice on the Adjustment of Retirees' Basic Pension in Guangdong Province in 2016 on September 22, 2016, which adjusted and increased the basic pensions of the retirees of enterprises and institutions in Guangdong Province from January 1, 2016 onwards. Municipal Bureau of Human Resources and Social Security combined with the actual Shantou City immediately to implement, and in conjunction with the Municipal Social Security Bureau to start the city's retiree basic pension adjustment and increase work.

The adjustment of the basic pension of the scope of the personnel for December 31, 2015 has received the basic pension of retirees, and January to June 2016 for the first time to receive the basic pension of retirees. The adjusted pension increase for enterprise and institutional retirees will be paid out of the basic pension insurance fund for enterprise employees and the pension insurance fund for institutions, respectively.

Shantou is pressing ahead with the implementation of the adjustment and increase of basic pensions, and the adjusted and increased pensions will be paid out by the end of September.

How is the "fixed amount fixed ratio" adjustment program?

According to the regulations, the overall adjustment level in Guangdong Province is 6.5% of the average monthly per capita pension of retirees in the province in 2015. The increase in pension is made up of a fixed amount, a fixed ratio, and a tilted adjustment (for those who are eligible).