What is the minimum pension for retirement in Guangzhou in 2023

According to the Notice on the Base and Upper and Lower Limits of Social Insurance Contributions, Retiree Basic Pension and Other Related Matters of Guangzhou Municipality in 2019 issued by the Guangzhou Municipal Government, the minimum basic pension for retirees in Guangzhou in 2023 will be 2,590 yuan per month.

The Guangzhou Municipal Government's "Notice on Matters Related to the Base and Upper and Lower Limits of Social Insurance Contributions, Retirees' Basic Pensions and Other Matters in Guangzhou in 2019" stipulates that the minimum basic pension standard for Guangzhou retirees in 2023 will be 2,590 yuan per month. The standard applies to retirees from enterprises and institutions that have paid social security in Guangzhou City for more than 15 years, as well as urban residents' basic pension insurance participants belonging to the first to fourth districts of Guangzhou City after the merger. It should be noted that the pension standard in Guangzhou City is calculated according to the average salary of the retiree, the number of years of contributions and other factors, and the standard received by different people may be different. In addition, pension rates may be adjusted over time.

How do I apply for a Guangzhou pension? There are certain conditions that need to be met in order to apply for a pension in Guangzhou. First of all, you need to meet the legal retirement age set by the province or city, i.e. 60 years old for men and 50 years old for women; secondly, you need to have paid social security in Guangzhou for more than 15 years and have formally retired; and lastly, you need to prepare the relevant documents and materials for the application. Specific documents include the person's ID card, household register, retirement certificate, certificate of insurance participation, etc.. Applicants can go to the location of the social security bureau or social security agency.

Guangzhou retirees will receive a minimum basic pension of 2,590 yuan per month in 2023. To apply for the pension, you need to meet certain conditions, as well as prepare relevant documents and go to the social security agency.

Legal basis:

Article 13 of the Regulations on Basic Pension Insurance for Urban and Rural Residents of Guangdong Province Article 13 Upon the expiration of the period of participation in the insurance program, due to age, illness and other reasons, the applicant may apply to receive the basic pension. The human resources and social security department of the State Council pays the basic pension on a monthly basis.