Shanghai pension adjustment plan in 2023

According to the notice of Shanghai Municipal Bureau of Human Resources and Social Security, the basic pensions for employees of enterprises, institutions and institutions in Shanghai will continue to be adjusted in 2023. The adjustment range is fine-tuning, and the 20 yuan will be increased per person per month. The specific plan needs to be announced later.

According to the notice of Shanghai Municipal Bureau of Human Resources and Social Security, the basic pensions for employees of enterprises, institutions and institutions in Shanghai will continue to be adjusted in 2023. Compared with the previous "one-step" adjustment, the adjustment plan in 2023 adopted a step-by-step approach. The specific adjustment range is to slightly increase the 20 yuan per person per month, which means that the beneficiaries are wider and the adjustment effect is more reasonable. In addition, in order to better cope with the old-age pressure brought by the aging population, in 2023, we will further improve the enterprise annuity, residents' old-age insurance and other systems to improve the level of old-age security. These measures will help to alleviate the disadvantages of the current old-age insurance system and improve the quality of life of the elderly. It should be noted that the adjustment plan has not been specifically announced. The specific scheme and its implementation details need to wait for further notice and explanation from relevant departments.

How to calculate the basic pension of Shanghai old-age insurance? The basic pension for employees of enterprises, organs and institutions in Shanghai is calculated according to the payment period and amount within their working years. Specifically, everyone's basic pension is equal to the sum of the total accumulated funds in the personal account plus the annual interest of the personal account, and then divided by the sum of the number of months during the working period. According to this calculation method, the longer an individual pays and the more he pays, the higher the basic pension he enjoys after retirement.

In 2023, Shanghai's old-age insurance adjustment plan will continue to improve the level of old-age security. At the same time, we need to realize that in the process of dealing with the aging population, we need to further improve the old-age insurance system to meet the needs of the elderly and protect their basic rights and interests.

Legal basis:

Article 19 of the People's Republic of China (PRC) Endowment Insurance Law is appropriately raised. Governments at all levels should gradually raise the level of pension according to factors such as social and economic development level, price level and labor cost.