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Pension for retirees increase again


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SIP retirees received a great New Year gift as the local authority announced to extend last year's pension increase plan to raise the basic pension for the local residents by RMB 30/person/month from Jan 1, 2018.

After the adjustment, retirees with an urban household registration term of at least 20 years as Suzhou citizen and those who have paid into the basic pension fund for at least 15 years receive a monthly payment of RMB 490, while those who do not meet the conditions get RMB 350 each month.

Moreover, people aged 70 to 74, 75 to 79, and 80 and above respectively receive an extra increment of RMB 10, 20 and 30 each month.


March 1, 2018