Pension 15 is coming! Pension plans to increase by an average of about 5percent this year.

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 Pension 15 is coming! Pension plans to increase by an average of about 5percent this year.


Pension 15 is coming up! Pension plans to rise by an average of about 5% this year! u3011 According to the Report on the Implementation of the Central and Local Budgets in 2018 and the Draft Central and Local Budgets in 2019 published on March 5, the basic pension standard for retirees of enterprises, institutions and institutions has been raised by an average of about 5% since January 1, 2019.

According to WorkersDaily:

On the morning of the 5th, the second session of the 13th National Peoples Congress opened in the Great Hall of the People. In accordance with the agenda of the meeting, the General Assembly reviewed the report of the State Council on the implementation of the central and local budgets in 2018 and the draft central and local budgets in 2019, as well as the draft national budget in 2019.

Entrusted by the State Council, the Ministry of Finance submitted to the Second Session of the Thirteenth National Peoples Congress for consideration the Report on the Implementation of the Central and Local Budgets in 2018 and the Draft Central and Local Budgets in 2019.

The Report on the Implementation of the Central and Local Budgets in 2018 and the Draft Central and Local Budgets in 2019 clearly states that the level of old-age security should be improved. From January 1, 2019, the basic pension standard for retirees of enterprises, institutions and institutions will be raised by an average of about 5%.