(Reporter Xie Li) Yesterday, the Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued the Notice on Adjusting the Basic Pension for Retirees in 2021. The notice made it clear that from January 1, 2021, the basic pension level will be raised for retirees of enterprises, institutions and institutions who have gone through retirement procedures according to regulations before the end of 2020 and received basic pensions on a monthly basis. The overall adjustment level will be 4.5% of the monthly basic pension for retirees in 2020.
It is understood that the scope of this adjustment includes retirees who have gone through retirement procedures according to regulations and received basic pensions on a monthly basis before December 31, 2020. The overall national adjustment ratio is determined according to 4.5% of the monthly basic pension for retirees in 2020. The notice emphasized that all provinces should set the adjustment ratio and level of their own province with the national overall adjustment ratio as the upper limit.
According to the notice, this adjustment will continue to adopt the adjustment method of combining quota adjustment, hook adjustment and appropriate inclination. The quota adjustment reflects social equity, and the adjustment standards for all types of retirees in the same area are basically the same; The adjustment of the hook reflects the incentive mechanism of "paying more and getting more" and "paying more for a long time", which can be linked to factors such as retirees’ payment years (or working years) and basic pension level, so that those who pay more and pay more for a long time can get more pensions; Appropriate tilt reflects the key concern, mainly for the elderly retirees and retirees in hard and remote areas and other groups to take care of. The notice stressed that it is necessary to further strengthen incentives and appropriately increase the proportion of linked adjustments.
It is reported that the funds needed to adjust the basic old-age pension this time, those who participate in the basic old-age insurance for enterprise employees are paid from the basic old-age insurance fund of enterprises, and those who participate in the basic old-age insurance for staff of government agencies and institutions are paid from the basic old-age insurance fund of government agencies and institutions. The central government will give appropriate subsidies to the central and western regions, old industrial bases, Xinjiang Production and Construction Corps, central state organs and affiliated institutions in Beijing. Did not participate in the basic old-age insurance for employees, the adjustment of the funds needed by the original channel to solve.
The notice also made it clear that all localities should formulate specific implementation plans in light of local conditions and submit them to the Ministry of Human Resources and Social Security and the Ministry of Finance for the record before April 30.