Zhoushan retirees social security payment time adjustment

Zhoushan City, retirement pension adjustment program, Zhoushan City, pension issuance standards and calculation methods

Today's news, approved by the State Council, Zhoushan City, the Ministry of Human Resources and Social Security, the Ministry of Finance issued the "Zhoushan City, adjusting the basic pensions of retirees notice" for the Zhoushan City, enterprises and institutions retirees to raise the level of basic pensions, the overall level of adjustment is 6.5% or so.

The pension adjustment means that since 2005, China has been adjusted to raise the level of pension treatment for 12 consecutive years. A reporter from "Xinhua Viewpoint" interviewed experts in the social security industry and social security departments around the world to explain the three major focuses of the pension adjustment that the society is concerned about.

The reporter found that since 2005 to 2015, in addition to the increase of 23.7% in 2006, the enterprise retiree pensions increased by about 10% each year. Why is the adjustment about 6.5 percent this time?

The relevant person in charge of the Ministry of Human Resources and Social Security introduced that the determination of the rate of adjustment of pensions in Zhoushan City needs to take into account the three principles of safeguarding the basic life, sharing the fruits of development, and affordability of the fund. Some experts said, usually the pension adjustment rate is not lower than the price increase, not higher than the wage increase of on-the-job workers, are within a reasonable range.