Kunpeng Project
Pension benefits have been greatly improved! In 2024, the basic pension in urban and rural areas will increase by 20 yuan per month
With the gradual improvement of China's social security system, by 2025, the basic old-age insurance system for urban and rural residents will be gradually increased by 20 yuan. The purpose of this reform is to improve the quality of life of the elderly, so that the elderly can enjoy more equal and comprehensive pension services.
It is understood that the adjustment of the pension standard is based on the level of economic development, the price index, the average wage growth and the income and expenditure of the pension insurance **, etc., formulated. The new pension will be paid from 2024, and by that time, all retirees, both urban and rural, will benefit from it.
The increase in pensions is an exciting event for most elderly people. In China, due to the continuous aging of the population, the survival safety of the elderly has become a common concern of the whole society. Improving the pension insurance system can not only reduce the financial burden of the elderly, but also improve their quality of life, so that they can enjoy more benefits in old age.
This adjustment of retirees reflects the continuous optimization and reform of the social security system by the state. After years of development, the social security system has gone through a development process from scratch, from covering urban workers to covering urban residents. In order to achieve the goal of "everyone has a share", the state has been increasing its investment in social welfare.
The reform and improvement of the old-age insurance system should not only improve the level of old-age insurance, but also expand the coverage of social old-age insurance, standardize the management of old-age insurance, and establish a multi-level old-age insurance system. The above measures have formed an overall social pension system, providing a more reliable guarantee for the healthy development of the elderly population.