How much will Beijing's retirement pension increase in 2023?

In 2023, the pension for retirees in Beijing will be raised by about 4.5%.

It is clear in the document that Beijing will continue to adjust the payment standard of basic old-age insurance for urban and rural residents, and increase the 35 yuan per person per month. The increase is determined by the base standard of the current year 100 yuan calculated by the average monthly payment base in 2022 and the actual payment months of the previous year calculated by the financial payment subsidy (including post security subsidy).

In addition, retirees adjust the basic pension according to the payment period. For retirees who have paid 10 years or more, the 3.5 yuan will be increased every month for every 1 year; For retirees whose payment period is less than 10 years (excluding retirees who change jobs due to land acquisition), 35 yuan will be increased per person per month; Retirees whose payment period is less than 15 engaged in land acquisition for construction will be paid 52.5 yuan per person per month.

The endowment insurance handling information is as follows:

1. Identity documents: valid identity documents, including my ID card or other valid documents, are required to apply for endowment insurance;

2. Household registration book or residence permit: relevant certification materials such as household registration book or residence permit need to be provided;

3. Proof of work unit: proof of work unit is required, including business license, organization code certificate, tax registration certificate and other supporting materials;

4. Proof of payment: proof of payment of endowment insurance is required, including social insurance registration certificate, social insurance payment certificate, social insurance personal account certificate and other supporting materials.

To sum up, in the process of employment and payment of endowment insurance premium, it is necessary to keep relevant vouchers and records, so as to provide proof and query relevant information when necessary.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

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. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.