Gansu's New Policy of Raising Pension in 2023

A new pension policy will be issued in 2023:

Pensions will be raised by 4.5% in 2023.

In 2023, the state will increase the proportion of basic pension from 16% this year to 4.5% to raise the level of pension. It is worth noting that those who have participated in the basic old-age insurance before the end of June this year and paid in full 15 (including 15) and above, and have purchased the basic old-age insurance by the end of June 2022.

News of new pension regulations in 2023:

Residents above 1 and 16, who are not students, can participate in urban and rural residents' insurance at their domicile;

2. The endowment insurance for urban and rural residents has 12 grades, namely 100- 1000 ten grades and 1500 and 2000 two payment grades;

3. Establish a personal account for old-age insurance for each urban and rural resident, that is, once established, the social security department will improve its lifelong service.

How much can the pension increase in 2023?

In 2023, the pension will be adjusted by 7% for 3,000 yuan, 5% for 4,000 yuan and 3% for 5,000 yuan. The benefits of this adjustment are self-evident, which can effectively narrow the pension income gap, especially for enterprise retirees and flexible employment retirees with a pension of less than 3,000 yuan, who can enjoy a higher increase.

Moreover, the possibility of a 4.5% increase in pensions is also relatively high. At present, future economic recovery is inevitable.

To sum up, if a company has paid 15 years, but the employees have not retired, the enterprise will continue to pay until retirement; Individuals who pay social security can stop paying or continue to pay. According to the local policy, they will definitely continue to pay high salaries. Endowment insurance follows the principle of "pay more and get more". The higher the payment base, the longer the service period, and the more pensions you receive when you retire. Once the payment is stopped, it will directly affect the pension benefits after retirement.