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.
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.