CHINA Beijing increases basic retirement pension by 5%

CHINA

Beijing increases basic retirement pension by 5%

Du Juan | chinadaily.com.cn

16:10, June 14, 2019

(Photo: IC)

Beijing has raised the  basic retirement pension by 5 percent to around 4,157 yuan ($600) per person, which will cover 2.57 million people, said the Beijing Municipal Human Resources and Social Security Bureau on Friday.

Wu Xiaojun, deputy head of the bureau, said it's the 27 successive increase of Beijing's retirement pension in the past years.

"The retired should enjoy the fruits of economic growth together with others in the society," he said.

As per the bureau, Beijing's pension fund recorded 234 billion yuan income and 146 billion spending in 2018.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue