www.chinaservicesinfo.com

Policies

Govt raises basic pension of seniors

Updated: Mar 20, 2019 By CHENG SI chinadaily.com.cn Print
Share - WeChat
A nurse explains an eye test to an elderly woman at a hospital in East China's Shandong province. [Photo/IMAGINECHINA]

The government has increased basic aged-care pension by 5 percent for retired personnel, according to a news release by the Ministry of Human Resources and Social Security on Wednesday.

The policy, effective Jan 1, is projected to benefit 118 million employees of companies, government departments and public institutions.

According to the release, increasing the basic aged-care pension will help secure retired people a happier life against the backdrop of price hike and a sustainable pension insurance fund.

It’s the fourth consecutive year the government increase the aged-care pension for retired personnel from companies, government department and public institutions since 2016, the release said.

Copyright©2024 China Daily. All rights reserved.

京ICP备13028878号-6

京公网安 京公网安备 11010502032503号