Will urban and rural residents' pensions rise every year?

Yes China's pension funds are backed by social security funds and government finance, and retirement pensions are basically increasing every year. From 2005 and 2008 to 20 15, the increase in 9 years was above 10%. The biggest increase was 23.7% in 2006. Even before the financial crisis in 2007, the increase was 9. 1%. The endowment insurance for urban and rural residents is a new social endowment insurance system for urban and rural residents, which is guided by the government and aims at ensuring the basic life of urban and rural residents after they get old.