The latest news on retirement salary adjustment in 2022: How much will it increase?

This year, the State Council issued the "14th Five-Year Plan for the Development of National Aging Affairs and Elderly Care Service System", proposing to implement a gradual delay in the statutory retirement age as soon as possible. At that time, delayed retirement will once again become a hot topic. What is the latest news on retirement salary adjustment in 2022? How much will it increase specifically?

1. What is the latest news on retirement salary adjustment in 2022?

The latest news on the adjustment of retirement wages this year in 2022 was on March 5, when Premier Li Keqiang proposed in his government work report to increase the basic pension for retirees, requiring the steady implementation of the national coordination of basic pension insurance for enterprise employees, appropriately raising the basic pension for retirees and the basic pension standards for urban and rural residents, and ensuring that they are paid on time and in full. Continue to standardize and develop the third pillar of pension insurance. Accelerating the promotion of provincial coordination of work-related injury and unemployment insurance means that retirement wages will increase in 2022, but the specific time of the increase will not be known until local policies are implemented. It is expected to be announced around April.

In addition, at the 2022 Two Sessions, relevant representatives will also make relevant suggestions on retirement policies. The specific suggestions are as follows:

1.2022 Two Sessions Retirement Suggestion 1: It is recommended that the pension of parents of only children be increased by 10-20%

At the 2022 Two Sessions, Chen Xueping, a member of the National People's Congress and team leader of the painting team of Shandong Sanjian Labor Management Co., Ltd., suggested providing pension subsidies to the elderly parents of only children, saying that on the basis of the pension stipulated by the policy, the pension of the parents of only children should be increased by 10-20%.

2.2022 Two Sessions Retirement Suggestion 2: Retirement at 45 is conducive to reducing late marriage and late childbearing

On March 8, Sun Wei, a deputy to the 13th National People's Congress, suggested that retiring at 45 would help reduce late marriage and childbearing, which would effectively play the bottom-line function of social security.

2. How much will the retirement salary increase in 2022?

The official has not yet disclosed how much the retirement salary will increase in 2022, but it is expected to increase by between 3-5%. The following types of people may get more money:

1. People who have paid for a long time

Paying more pensions to retired elderly people who have paid for a long time is, on the one hand, a reward for their persistence in paying, and on the other hand it can also stimulate currently employed young people to pay actively. Only in this way can the pension insurance account have long-term sustainable development with both inflows and outflows.

2. People with a large contribution base and high pension level

If the place of retirement and the payment period are the same, then the person with a large payment base will have a high payment index, accumulate more funds in the personal account, and will receive more pension after retirement. In order to encourage insured persons to pay more, the state will also increase pensions for people with high pension levels by multiplying them by a percentage. For example, Xinjiang's 2020 adjustment method is based on the individual's basic pension in December 2019, and increases it by 1.5% per month. For example, if your original pension is 3,000 yuan, then your monthly pension will increase by 45 yuan. If your pension is 6,000 yuan, then your monthly pension will increase by 90 yuan. Therefore, people with a large payment base and high pension levels will also see their pensions increase more.

Summary: The latest news on the adjustment of retirement wages in 2022 was on March 5, when Premier Li Keqiang proposed in his government work report to increase the basic pension for retirees, requiring the steady implementation of the national coordination of basic pension insurance for enterprise employees, appropriately raising the basic pension for retirees and the basic pension standards for urban and rural residents, and ensuring that they are paid on time and in full. The specific increase has not been disclosed by the official yet, but it is expected to be between 3-5%.