What month is the pension adjustment usually?

Pension adjustment is generally from May to June every year.

According to the notice issued by Ministry of Human Resources and Social Security, pension adjustment generally starts in May and ends in the first half of June. However, due to the different announcement time of pension adjustment plans in different places, the specific replacement time may be different. Pensions are adjusted according to the average wage increase and price increase of employees. The insured person has paid for fifteen years and receives a monthly pension after retirement.

Therefore, if you received the notice of pension adjustment after June of that year, it means that your pension has been raised after May of that year. In addition, under normal circumstances, all provinces and cities will adjust their pensions before July 1. Therefore, if you received a notice of pension adjustment in June of that year, it is very likely that your pension was raised before April of that year.

Pension calculation method

Calculation method of pension: pension = basic pension+personal account pension, etc. Among them, the basic pension is (the average monthly salary of local employees in the previous year when employees retire+the average monthly salary indexed by themselves) ÷2× payment period ×1%; Personal account pension is the accumulated amount of personal account when employees retire.

The basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc. Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.