In 2024, the pension will be raised for 20 consecutive years, creating a worry free pension security

Mondo Social Updated on 2024-02-01

Since the end of the 20th century into the aging society, the number of elderly people in China and the proportion of the total population continue to grow, to promote the healthy development of the cause of the elderly has become an important topic at present, when it comes to pension, we have to mention health, enjoy the health of the pension life is the foundation.

Health is the premise of everything, the quality of life for the elderly, half of the slender and healthy, health seems to be very easy, but for the elderly is a hurdle, with the continuous growth of age, the health level of the human body is getting worse, the data shows that about 70% of the 60-year-old people in China belong to the healthy level, to the age of 80 The proportion has dropped to only about 30%, and the proportion of healthy elderly people at the age of 90 is less than 17%. Aging is an unavoidable problem for everyone, but the hidden health risks hidden under natural aging are different.

The increase of age and the decline of physical function have made many elderly people more or less suffer from some underlying diseases, such as hypertension, coronary heart disease, diabetes, osteoarthritis and other diseases are very common among the elderly group, and these diseases require long-term financial support for the elderly to buy drugs, as everyone knows, their pensions are difficult to maintain daily life in old age, so the education department will decide to usher in an increase in pensions in 2024, which will last for 20 years to create worry-free pension security for every elderly person.

With the intensification of China's aging population, how to make the lives of the elderly more secure and more quality has become the focus of social attention in China, and the increase in pension is undoubtedly an important measure to solve this problem. The pension increase in 2023 will bring good news to the majority of the elderly.

[Pension for 20 consecutive years**, old-age security will be on a higher level].

Since 2004, China's pension has maintained the trend for 20 consecutive years, behind this achievement is the country's high attention to old-age security and continuous improvement of the first support, at the same time this also reflects the sustained growth of China's economy and the continuous enhancement of financial strength, it is with such a foundation, we are likely to provide better old-age security for the elderly.

In fact, the reason for the increase in pension is multifaceted, with the gradual increase in prices and living costs in various provinces and cities in China, the living pressure of the elderly is gradually increasing, in order to ensure that their basic living needs can be met, the pension must usher in the first place, followed by the development of the national economy and the increase in fiscal revenue, but also provides strong support for the pension increase, so improve the pension insurance system, improve the implementation of policies such as insurance coverage, but also for the continuation of the pension, to create favorable conditions.

[Pension for 20 consecutive years**, which is conducive to expanding retirees and improving the quality of life].

The pension is undoubtedly good news for the majority of retirees, which means that their income will increase, the quality of life will also be improved, with more income, the elderly can better meet their living needs and improve their quality of life, which not only helps to protect the basic rights and interests of the elderly, but also helps to enhance their sense of happiness and gain.

Taking Shandong Province as an example, we have a specific understanding of the calculation formula and practical application of the pension, and we will have a general understanding of our pension in the future, and the specific adjustment amount will be adjusted according to the following various factors.

Suppose a 60-year-old retiree Mr. Liu retires in a city in Shandong Province, his payment period is 30 years, and the payment base is about 60% of the local average social wage, then according to the regulations of Shandong Province, he can get a certain proportion of basic pension and local subsidies after retirement, if the average social salary in the city is 5000 yuan, then Mr. Liu's basic pension is:5000 60% 15% = 450 yuan per month.

If the local subsidy in the city is 30 yuan per month, then Mr. Liu can get an additional basic pension of 480 yuan per month, and if the average social wage in the city is **5% per year, then Mr. Liu's basic pension will also be corresponding. **Around 5%.

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