China from Jan. 1 next year to raise the basic pensions of retirees enterprise level

Of the CPC Central Committee and the State Council decided on January 1, 2009 retirees from enterprises to adjust the basic pension. This is also since 2005 for the third consecutive 5-year enterprise retirees to adjust the level of basic old-age pensions. The adjustment of basic pensions of retirees businesses object to December 31, 2008 have been retired for personnel procedures. Adjust the level of 2008 in accordance with local enterprises retirees on the basic pension per capita of about 10% sure. Adjustment, the adjustment will take the general and special combination of adjustments, to continue to retire early, the basic old-age pension is relatively low and so inclined. Specific programs will be implemented in various provinces, autonomous regions and municipalities under the local people's governments of the actual situation to develop research, human resources reported that the Department of Social Security, the Ministry of Finance's approval to implement. At present, the Human Resources Department of Social Security, the Ministry of Finance has been working on this for the deployment of labor and social security departments all over the financial sector and is stepping up efforts to organize, before the Spring Festival next year to ensure that the majority of enterprise retirees to get adjusted pensions.