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on July 29, the government wechat of Sichuan Provincial Department of human resources and Social Security announced the specific standards for Sichuan Province to continue to synchronously improve the basic pension level of retirees from enterprises and institutions in 2020. With the consent of the provincial government, from January 1, 2020, the basic pension level will be raised for the retirees of enterprises, institutions and institutions who have gone through the retirement procedures and received the basic pension monthly by the end of 2019. The overall adjustment level will be about 5% of the monthly per capita basic pension of retirees in 2019. The

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adjusted and increased basic pension will be paid in place by the end of July. All cities (prefectures) need to report the completion of the adjustment of retirees’ basic pension work to the Provincial Department of human resources and social security and the Provincial Department of finance by the end of August. This is the 16th consecutive year since 2005 that the state has adjusted the basic pension of enterprise retirees. It is also the fifth consecutive year since 2016 that the basic pension level of retirees from enterprises and institutions should be appropriately improved. It is an important way for retirees to share the fruits of economic and social development, and an important measure to protect and improve people’s livelihood.

, novel coronavirus pneumonia, has been affected by the new crown pneumonia epidemic this year. The government has made a further increase in the pension fund’s income and expenditure pressure on the implementation of the social insurance premium stage reduction policy. This requires not only to ensure that the basic pension is paid in full and on time, but also to continue to adjust the basic pension level appropriately, which fully embodies the Gai Shanmin, the State Council, the provincial Party committee and the provincial government. 9.152 million retirees in Sichuan Province will benefit from the attention of students and the cordial care for the vast number of retirees. Adjustment method of

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— the adjustment of

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will continue to adopt the adjustment method of combining quota adjustment, hook adjustment and appropriate inclination.

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quota adjustment –

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reflect social equity, and all retirees in the province increase by 46 yuan per month. Linkage adjustment of

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— the

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embody the incentive mechanism of “more payment for more” and “more payment for long-term payment”, so that those who pay more and pay more during their working hours will get more pension. This year’s linked adjustment method is as follows: enterprise retirees and retirees of government and public institutions on or after October 1, 2014, on the basis of increasing 1.2% of the basic pension in December 2019, and then linked with the payment period. If the payment period is 15 years or less, it will be increased by 1 yuan per full year, and the number of years over 15 years will be increased by 2.5 yuan per full year. The number of retirees from government and public institutions on or before September 30, 2014 will increase by 2.7% based on their basic pension in December 2019.

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should be appropriately inclined –

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reflect the focus of care, mainly for elderly retirees and retirees in hard and remote areas.

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will increase the number of senior retirees by 35 yuan, 65 yuan and 105 yuan respectively according to the “70 years old but not 80 years old, 80 years old and less than 90 years old, and 90 years old and above” respectively

will increase 10 yuan, 20 yuan, 30 yuan, 40 yuan, 60 yuan and 80 yuan per month for retirees from enterprises and institutions in hard and remote areas. Issuing time of

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on July 28, the Provincial Department of human resources and social security held a video conference on adjusting the basic pension of retirees in 2020 to interpret the policy and comprehensively deploy the adjustment of basic pension. All cities (prefectures) are required to carry out data verification, system debugging, fund arrangement and docking with payment institutions to ensure that the adjusted and increased basic pension will be distributed to retirees before the end of July.

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original title: 9.15 million people have increased their money! About 5% per capita! Sichuan has raised the standard of basic pension for retirees this year!