The latest news on pension adjustments for retirees in 2022: How much will it increase? Attached is the latest official adjustment notice

In recent years, the pensions of retired people in my country have been increasing every year. Although they only increased by 4.5% in 2021 due to the impact of the epidemic, an increase is better than no increase. In March and April this year, my country's economy declined due to the impact of the epidemic, but there is the latest news about the adjustment of pensions for retirees in 2022. So how much will it increase? The latest official adjustment notice is as follows:

1. Latest news on pension adjustment for retirees in 2022

The latest news on May 26, 2022, is that the Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued a notice on adjusting the basic pension for retirees in 2022, the same as in previous years. The pensions for retirees continued to rise this year, but the rate of increase was different from last year. In 2021, the pensions for retirees increased by 4.5%, while this year the increase was 4%. That is to say, if your monthly pension in 2021 is 3,000 yuan, you can receive 3,120 yuan a month this year, which is 120 yuan more than last year.

2. How much will pensions for retirees increase in 2022?

The pensions for retirees will increase by 4% in 2022. Because with the approval of the CPC Central Committee and the State Council, the Ministry of Human Resources and Social Security and the Ministry of Finance recently issued the "Notice on Adjusting the Basic Pension for Retirees in 2022", which clearly stated that from January 1, 2022, the basic pension level will be increased for retirees of enterprises and institutions who have completed the retirement procedures in accordance with regulations and received basic pension on a monthly basis before the end of 2021. The overall adjustment level is 4% of the average monthly basic pension for retirees in 2021. This adjustment will continue to adopt an adjustment method that combines fixed-rate adjustment, linkage adjustment and appropriate inclination.

1. The fixed-rate adjustment reflects social fairness, and the adjustment standards for all types of retirees in the same region are consistent;

2. The linked adjustment reflects the incentive mechanism of paying more and getting more benefits, and paying for a longer period of time, so that those who pay more and pay for a longer period of time while in office can get more pension;

3. Appropriate inclination will be given to focus on caring for groups such as elderly retirees and retirees in difficult and remote areas.

In addition, the "Notice" requires that all provinces, autonomous regions, and municipalities directly under the Central Government should formulate specific implementation plans based on local realities, and promptly organize and implement them so as to distribute the adjusted and increased basic pension to retirees as soon as possible.

3. When will the pension increase for retirees in 2022 be paid out?

It will usually be paid out in July or August, but the specific details will depend on the pension increase notification regulations for retirees in each province, city, and district. The following is an analysis of the two reasons why pensions will increase in 2022:

1. Reason 1: Rising prices

From last year to now, prices in various parts of our country have been rising. At this stage, meat is more expensive than vegetables. Now you can buy a fish or a pound of meat for about ten yuan, while coriander, spinach and lettuce cost eight or nine yuan per pound. This leads to the situation where you can afford meat but cannot afford vegetables. If pensions do not increase, urban retirees, especially those with a monthly pension of only one or two thousand yuan, can only maintain some basic expenses.

2. Reason 2: It is rising every year

From 2004 to 2021, my country's pension has seen 17 years of increases. Although the increase is different every year, as long as the people see the news of the increase, they will at least get psychological comfort. Therefore, looking at the current economic situation in our country, pensions will increase this year, and the adjustment method will continue to use the previous three methods of fixed-rate adjustment, linkage adjustment and preferential adjustment, because this is relatively reasonable, reflecting both fairness and a certain degree of incentives.

In general, the latest news on the adjustment of pensions for retirees in 2022 is the notice issued by the Ministry of Human Resources and Social Security on the adjustment of the basic pension for retirees in 2022. The specific increase is 4%. In addition, the adjustment method that combines fixed-rate adjustment, linkage adjustment and appropriate inclination will continue to be adopted.