Pension inflation hit a recent low of 5 %

2018-03-27

This year's pension is expected to rise by about 5 %, or 14 times. It is expected that 114 million retirees will benefit. However, it is worth noting that the 5 per cent figure is also the lowest in recent years.
Recently, the Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued the Circular on the Adjustment of the Basic Pension for Retired Persons in 2018. It is clear that, from January 1, 2018, the basic pension level will be increased for retirees from enterprises and institutions that have completed the required retirement procedures and received basic pensions on a monthly basis by the end of 2017, with the overall adjustment being about 5 per cent of the monthly basic pension for retirees in 2017.

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