March is approaching, is the pension expected to be adjusted in 2024? How does it work?
In the blink of an eye, the New Year passed quietly, perhaps everyone is still immersed in the joy of the New Year, because the Spring Festival is a day of family reunion every year, and after the New Year, because it is their retirement age, so some elderly people will also pay more attention to their pension problems. Whether it will rise, it will be in March, everyone knows that the two sessions of the National People's Congress will be held in March, and every ** work report will reflect whether to adjust the pension, so I think the pension in 2024 is very likely to be adjusted. We can judge this from the following perspective.
First, the increase in pensions has become an inertia that is not easily interrupted.
From 2005 to 2023, China's economic growth rate has actually been 19 years, and if it is adjusted from 2024, it will be 20 years of sustainable development, which can be described as a very important year, which is not easy to be interrupted, and has become a habit.
b.Item 2: Effects at the regulatory level.
According to the requirements of the Social Insurance Act, pensions are determined on the basis of the price level and the level of wages. Then let's take a look at the disposable per capita income in 2023, including the per capita wage level, which has doubled, and the price level in 2023, the household consumption index CPI, has also shown a positive growth, such a figure. In a sense, it can promote the continuation of pensions** because it is supported by law.
The third statistic comes from the Ministry of Human Resources and Labour and Social Security.
In January, the relevant figures released by the Ministry of Human Resources and Social Security and the Ministry of Finance showed that the scale of social security announced by the Ministry of Human Resources and Social Security exceeded 8,000 billion yuan, and the scale of pension insurance announced by the Ministry of Finance also reached 6,000 billion yuan.
Therefore, from the above three points, I think the probability of an increase in pension insurance is very high, but it can only be really implemented after the Ministry of Human Resources and Social Security and the Ministry of Finance have officially issued relevant notices, which are generally carried out in March and May.
The annual pension adjustment procedure, the first step is the announcement issued by the Ministry of Human Resources and Social Security and the Ministry of Finance, we have to read the announcement, and then carry out the second step, according to different provinces and cities, different human resources and social security departments, respectively, to formulate corresponding policies and measures to implement the adjustment of pensions. The third step is to issue detailed adjustment rules in various places, and then decide the date of receiving the pension in the future, and finally, as a retiree, you can get your own pension. However, as in previous years, the annual adjusted pension will be paid to everyone at the end of July, so we will have to wait a little longer.
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