Pension for retirees adjusted
SIP Social Insurance and Housing Funds Management Center recently finished the pension adjustment, which covers 7,291 enterprise retirees, with an average monthly increase of RMB163.64/person, and 22,916 land-expropriated farmers that enjoy the same welfare, with an average monthly increase of RMB 96.95/person.
People who retired before Dec 31, 2016 will get the increased pension from January, 2017, and those who retired between Jan 1 to Jun 30 will enjoy the increased pension starting form July. The increment consists of the fixed part for people under 70 and the extra part for those over 70.
August 7, 2017