Enterprise retirement 2016 wage increase latest news

Enterprise Retirement 2016 wage increase, the Ministry of Human Resources and Social Security, the Ministry of Finance issued a "notice on the adjustment of basic pensions for retirees in 2016", for enterprises and institutions retirees to raise the level of basic pensions, the overall level of adjustment of about 6.5%.

The pension adjustment means that since 2005, China has adjusted to raise the level of pension benefits for 12 consecutive years. The document has been officially below the implementation of the provinces, municipalities and autonomous regions are in accordance with the spirit of the document to develop their own regional adjustment program, it is estimated that after July will be introduced and announced the adjustment policy. At present, only the Shanghai Municipality announced the adjustment program, other provinces and autonomous regions have not announced the program.