Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter

China raises national old-age pension by 3%
Published on: 2024-06-18
Share to
User Rating: / 0

Two ministries on Monday jointly released a notification adjusting the national old-age pension in 2024 for retired employees, lifting the level by 3 percent compared to 2023.

Released by China's Ministry of Human Resources and Social Security and the Ministry of Finance, the latest adjustment covers all employees who completed their retirement procedures before December 31, 2023.

The notification also requires Chinese provinces, municipalities and autonomous regions to align their pension adjustment levels with the national adjustment.

Aside from adjustment of the fixed part of the pension, the notification also mentioned a pegged adjustment based on employees' working years. The pensions of senior retired employees and those who worked in distant regions will also be increased.



Comments (0)Add Comment

Write comment

security code
Write the displayed characters

    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2024 BusinessTianjin.com. All rights reserved.