Job Recruitment Website - Social security inquiry - Why has social security gone up so much?

Why has social security gone up so much?

Legal analysis: The reason why the increase is so high is that according to Shanghai's policy, female retirees aged 65 and male retirees aged 70 in 2020 will be additionally increased by 180 yuan. Without such a policy, it will be difficult to achieve. The increase may be as high as this, or it may be in Anhui or Shandong. Because the two provinces have relatively high tilt adjustment quotas for retirees who reach a certain age.

Legal basis: Article 6 of People's Republic of China (PRC) Social Insurance Law. The state exercises strict supervision over social insurance funds.

The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall establish and improve the supervision and management system of social insurance funds to ensure the safe and effective operation of social insurance funds.

People's governments at or above the county level shall take measures to encourage and support all sectors of society to participate in the supervision of social insurance funds.