As of now, the 2020 pension increase has ended, and pensions in all 31 provinces across the country have increased. So how much has the increase been in different places? Who has seen the biggest increase? 1. Pensions in all 31 provinces have increased! How much has it increased specifically? In April this year, the Ministry of Human Resources and Social Security and the Ministry of Finance issued the "Notice on Adjusting the Basic Pension for Retirees in 2020", which clearly stated that the pension will increase by 5% this year, which marked the beginning of the pension increase. This year marks the 16th consecutive year of pension increases, and it is also the fifth consecutive year since 2016 that the basic pensions for retirees of enterprises and institutions have been adjusted synchronously and uniformly. As of now, 31 provinces across the country have determined the pension adjustment plan for 2020, and most provinces have received the increased pensions before the end of July. List of pension increases in 31 provinces in 2020 2. Who has seen the biggest increase? 1. Elderly retirees For example, Beijing will increase the monthly pension for retirees aged 65 to 69 by 45 yuan per person; for those aged 70 to 74, it will increase the monthly pension by 55 yuan per person; for those aged 75 to 79, it will increase the monthly pension by 65 yuan per person; and for those aged 80 and above, it will increase the monthly pension by 75 yuan per person. 2. Retired people in remote and difficult areas Ningxia has made it clear that the monthly subsidy for each person in the first category of difficult and remote areas will be increased by 5 yuan, and the monthly subsidy for each person in the third category of difficult and remote areas will be increased by 10 yuan. 3. Retired military cadres in enterprises Ningxia made it clear that the salary of military-to-civilian cadres in enterprises below 4,235 yuan will be adjusted to 4,235 yuan. The Ministry of Human Resources and Social Security gave reassurance at the second quarter press conference held on July 21: the reduction or exemption of social security fees will not affect the timely and full payment of pensions. There is no need to worry about pensions not being paid on time. |
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