Two departments: adjust the basic pension for retirees in 2023, and the national adjustment ratio will be determined by 3.8% in 2022.
CCTV News:Recently, the Ministry of Human Resources and Social Security and the Ministry of Finance issued the Notice on Adjusting the Basic Pension for Retirees in 2023. The main contents are as follows:

With the approval of the CPC Central Committee and the State Council, the basic pension level of retirees from enterprises, institutions and institutions (hereinafter referred to as retirees) will be adjusted from January 1, 2023. The relevant matters are hereby notified as follows:
First, adjust the scope. Retirees who have gone through retirement procedures before December 31, 2022 and received basic pensions on a monthly basis.
Second, adjust the level. The national adjustment ratio is determined according to 3.8% of the monthly basic pension for retirees in 2022. Each province determines its adjustment ratio and level with the national adjustment ratio as the upper limit.
Third, the adjustment method. Take a combination of quota adjustment, hook adjustment and appropriate tilt, and realize the unification of the adjustment methods for retirees in enterprises, institutions and institutions. The quota adjustment should embody the principle of fairness; The adjustment of linkage should reflect the incentive mechanism of overpayment and overpayment, and should be linked with the payment period (or working years) of retirees and the basic pension level; For senior retirees and retirees in hard and remote areas, the adjustment level can be appropriately improved. Continue to ensure that the basic pension for retired military cadres who have been placed in local jobs and have participated in the basic old-age insurance is not lower than the average level of basic pensions for retirees of local enterprises. It is necessary to further strengthen incentives and appropriately increase the proportion of linked adjustment.
Fourth, the source of funds. The funds needed to adjust the basic old-age pension shall be paid from the basic old-age insurance fund for enterprise employees, and from the basic old-age insurance fund for government agencies and institutions. The central government will give appropriate subsidies to the funds needed by the central and western regions, the old industrial bases, the Xinjiang Production and Construction Corps, the central state organs and their affiliated institutions in Beijing. The local finance will give some subsidies to the local adjustment of the basic pension for enterprise retirees. Did not participate in the basic old-age insurance for employees, the adjustment of the funds needed by the original channel to solve.
Fifth, organize the implementation. Adjusting the basic pension for retirees is an important measure to protect and improve people’s livelihood, which reflects the cordial concern of the CPC Central Committee and the State Council for the vast number of retirees. All regions should attach great importance to it, earnestly strengthen leadership, carefully organize implementation, strengthen publicity and interpretation, correctly guide public opinion, and ensure the smooth adjustment work. In accordance with the unified arrangements of the CPC Central Committee and the State Council, combined with the actual situation in the region, formulate specific implementation plans and submit them to the Ministry of Human Resources and Social Security and the Ministry of Finance for the record before May 31, 2023. It is necessary to strictly follow the implementation plan agreed by the Ministry of Human Resources and Social Security and the Ministry of Finance for the record, and put all adjustment policies in place. It is necessary to take effective measures to strengthen the management of income and expenditure of the endowment insurance fund, make arrangements for funds in advance, and ensure that the basic pension is paid in full and on time, and no new arrears may occur. Without the approval of the Ministry of Human Resources and Social Security and the Ministry of Finance, it is not allowed to raise the basic pension level of retirees by itself, and it is not allowed to raise the treatment level in disguise by setting the minimum pension standard. The adjustment of the basic pension for retirees will be included in the assessment of the endowment insurance for provincial governments. The adjustment plan of the central state organs and their affiliated institutions in Beijing is formulated and implemented by the Ministry of Human Resources and Social Security and the Ministry of Finance.