In 2023, four pension benefits will see an increase, what's going on? It concerns all retired seniors

In the blink of an eye, 2023 is approaching. What good news will there be for our pension insurance in the new year?There are at least four good news for the pension insurance treatment in 2023, mainly the annual pension adjustment, the increase of the base of the retirement pension calculation and the funeral pension treatment and so on. What exactly are the changes?

Retiree pension increase.

Since 2005, China's retiree pensions have been adjusted once a year, and 18 consecutive increases were realized in 2022. The basis for the pension increase, in fact, is mainly the "Social Insurance Law" clearly stipulates the establishment of a normal adjustment mechanism for basic pensions, according to the growth of employee wages, price increases, timely adjustment of basic pensions for retirees.

2022, 1~3 quarter per capita disposable income in the wage income reached 15,678 yuan, an increase of 5.1% year-on-year. The growth rate of wages would have been a bit higher if the decrease in the labor force and the employed population were taken into account. Comparatively speaking, the year-on-year growth of the consumer price index in the January to March quarter was only 2.0%, which is still relatively robust.

At present, China's pension fund still has more than sufficient affordability, in addition to the cumulative balance of 5,000 billion yuan, the current income is still greater than expenditure, the national social security fund equity accumulation of more than 2.5 trillion yuan, but also owns 10% of the equity of the state-owned enterprises, so the pension in 2023 will certainly still be growing, the growth rate is expected to be in the 3% to 4%, right.

Pension accrual base increase.

Each year's pension accrual base increase is determined by the average social wage growth and price growth rate.

In fact, each year of pension adjustment, the implementation of the scope of the previous year, before December 31, has been retired and receive pensions for the elderly. Each year, the increase in the base of pension accruals will enhance the elderly after January 1 of that year for retirement and receive pension benefits. This realizes the full coverage of all retired elderly treatment.

However, each year, the pension calculation base of the announcement do not rush, generally have to pension adjustment after the second half of the year. This year, from September onwards, there have been 28 provinces announced the pension calculation base, the general growth rate of 4% to 6% or more, but also the Shanghai Municipality, Tibet Autonomous Region and Heilongjiang Province and other individual areas, the current growth rate of more than 10%.

Burial subsidy standard upgrade.

According to the Interim Measures for the Treatment of Survivors of Basic Pension Insurance for Enterprise Employees, the standard of funeral subsidy is calculated in accordance with two times the monthly per capita disposable income of urban residents in the province in the previous year at the time of the death of the insured person.

In 2021, the per capita disposable income of urban and rural residents in China was 35,128 yuan, of which the per capita disposable income of urban residents reached 47,412 yuan (approximately equal to an average of 4,000 yuan per month). The 2021 per capita disposable income of urban residents in various provinces, cities and autonomous regions ranges from 36,000 yuan to 82,000 yuan, and the difference is still relatively large.

In the 1~3 quarters of 2022, the per capita disposable income of urban and rural residents in China still maintains a stable growth rate, with a growth rate of 5.3% year-on-year. Among them, the per capita disposable income of urban residents reached 37,482 yuan, a year-on-year increase of 4.3%.

So, the probability is that the standard about the funeral subsidy is rising.

Survivor's pension standards rise.

The survivor's pension standard is also the same as the funeral grant, based on the "Interim Measures for the Treatment of Survivors of the Basic Pension Insurance for Enterprise Employees", which is determined by the link with the per capita monthly disposable income of urban residents in the province in the previous year at the time of the death of the insured person. However, the standard of the pension is based on the number of years of contributions and the time to receive the pension is determined in a comprehensive manner.

Active employees, less than 5 years of contributions, less than 10 years full of 5 years, less than 15 years full of 10 years, respectively, can receive 3 months, 6 months, 9 months. Because of the time test is very strict, 4 years 11 months and 5 years of whole treatment can be a difference of three months. Contribution period of 15 years or more, each full year of contributions to the number of months of payment increased by one month. Contribution period of 30 years or more according to 30 years.

Retired workers, first of all, according to the maximum number of months in service can be received, each receive a pension one year to reduce the issuance of one month.

Like workers in Shanghai, the maximum pension entitlement for 2022 is 164,858 yuan. Again, the entitlement in question will continue to increase next year.