China Employment Law - April 2021

数字聚焦 Key Figures

4.5%

经党中央、国务院批准，人力资源和社会保障部、财政部近日印发《关于2021年调整退休人员基本养老金的通知》，明确从2021年1月1日起，为2020年底前已按规定办理退休手续并按月领取基本养老金的企业和机关事业单位退休人员提高基本养老金水平，总体调整水平为2020年退休人员月人均基本养老金的4.5%。

Approved by the Party Central Committee and the State Council, the Ministry of Human Resources and Social Security and the Ministry of Finance recently issued the Notice on the Adjustment of Basic Pension for Retirees in 2021, specifying that from January 1, 2021, the level of basic pension will be raised for the retired employees of enterprises and institutions who have gone through the required retirement procedures and received their basic pension on a monthly basis by the end of 2020, with the overall adjustment level being 4.5% of the monthly per capita basic pension for retirees.