Retirement in January does not increase the pension in the current year. The pension adjustment of retirees is usually carried out in accordance with the increase in the average social wage of the previous year, generally in April or October of each year. The details are subject to the official notice issued by the local human resources and social security bureau.
1.Scope of adjustment: The scope of annual pension adjustment is clarified by the specific notice issued by the Ministry of Human Resources and Social Security and the Ministry of Finance. Normally, the scope of the adjustment is for retirees who have completed retirement procedures before December 31 of the previous year and receive a basic pension on a monthly basis.
2.Timing of adjustments: Pension adjustments are usually issued at a certain point in each year (e.g. April or October) for retirees in the previous year.
3.Retirement time: If you are retiring in January of the current year, then you are a new retiree for that year. In the past, newly retired persons were generally not included in the pension adjustment for the current year. Therefore, the year of retirement in January generally does not directly participate in the pension **.
4.Exceptions: It should be noted that there may be special regulations or adjustments, so the specific situation is subject to the official notice.
To sum up, under normal circumstances, the pension will not be increased in the year of retirement in January. However, in order to ensure accuracy, it is recommended that you pay attention to the pension adjustment notice issued by the state every year to understand the specific adjustment scope and time point. Hope you find the above helpful!