The Raise of the Basic Pension will Benefit Changde Residents

    Date:2017-09-18 Source:Changde English Fonts:[ large medium small ]

        Recently, the Provincial Department of Human Resources and Social Affairs and the Provincial Department of Finance issued "The Notice on the Adjustment of the Minimum Standard for Urban and Rural Residents' Basic Pension". The Notice regulated the effective time, standards, and sources of funds concerning the adjusted pension for the urban and rural residents in Hunan Province. 

        Hunan Province set a goal to raise the urban and rural residents' minimum pension standard up to 100 Yuan per person and per month by 2020. It proves that Hunan Province has raised the pension from 80 Yuan  to 85 Yuan per person and per month since January 1, 2017. Two thirds of the funds for the adjustment will be provided by the Provincial Financial Department and one third by the City (County) Financial Department.

        The adjustment will benefit 927,000 urban and rural residents in Changde City, and the increased annual pension amount is about 556.2 million Yuan, which will be allocated to residents before the National Day in 2017.


        Please refer to eng.changde.gov.cn when using the article.

        Translator: Liu Yue

        Chinese source: www.cdyee.com


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