CHINA Millions of retirees will benefit from basic pension adjustment in Hubei

CHINA

Millions of retirees will benefit from basic pension adjustment in Hubei

By Dong Feng | People's Daily app

22:57, July 05, 2018

Some 5.4 million retirees in Central China's Hubei Province will see their benefits rise 5.1 percent on average this year, according to the latest policy released by the provincial Human Resources and Social Security Department on Wednesday. 

VCG111157603496.jpg

Photos: VCG

This is the second adjustment this year, after an initial increase on January 1. The overall adjustment level is 5.1 percent. 

The policy will cover all retirees who have completed the retirement process before December 31, 2017.

Each retiree will receive a personalized package depending on factors such as working years, date of retirement, pension contributions, level of the current benefit and age. 

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