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Dear readers, as the bell of the Spring Festival gradually rings, we usher in the annual long holiday. In this time of joy and reunion, retirees also have a reason to share in the joy, as there are three pieces of good news that will affect the income package of every retiree. Let's take a look at some of the exciting good news.
The first piece of good news is the promise that pensions will be paid on time and in full. With the cumulative balance of the national pension insurance** approaching 6,000 billion yuan, our pension system is more stable. The successful implementation of the national pension insurance plan in 2023 has ensured that the balance of income and expenditure will be balanced, and the payment of pensions will not only not be delayed, but also every penny will arrive on time. This is undoubtedly the most tangible guarantee for each of our retirees. While enjoying the festival, we can also have confidence in a stable income in the future.
The second piece of good news is the great possibility of a retirement pension increase in 2024. Although the official announcement has not yet been issued, based on the experience of previous years, the adjustment notice is usually announced between March and May. Meetings and work reports in a number of regions have already revealed positive signals, and Shanghai and Henan have even made it clear that pension benefits will be raised. In addition, at the press conference of the Ministry of Human Resources and Social Security and the Ministry of Finance, the health status of social security ** has been affirmed, which indicates that the probability of pension increase is very high. In addition, with the increase in wages and price levels, the social insurance law stipulates that pension treatment will be linked to these economic indicators, which further strengthens our expectations for pension growth.
The third good news is the comprehensive promotion of the personal pension system. Since its introduction, the system has been successfully implemented in 36 pilot cities, bringing substantial benefits to residents of participating cities. Now, this system will be implemented nationwide from February this year, and all residents can enjoy the benefits of the personal pension system, regardless of whether they are pilot cities or not. This will add an extra layer of security and enhancement to each of our retirement lives.
Conclusion: In this Spring Festival, we not only have a sumptuous Chinese New Year's Eve dinner, lively fireworks and warm family reunions, but also these three good news about pensions. Sharing retirement knowledge every day, I am committed to helping you better plan for the future. If you have more interest or questions about retirement planning and social security policies, welcome to follow my Baijia account. Let's look forward to and work hard together to meet a better retirement life. Thank you for reading and supporting, we will see you again!