Comments on People’s Forum ｜ Retirees’ basic pension ushered in ＂17 consecutive rises＂

　　Random talk on the 58th online review of China’s economic series.

　　According to reports, the Ministry of Human Resources and Social Security and the Ministry of Finance recently issued the Notice on Adjusting the Basic Pension for Retirees in 2021, clarifying that the basic pension for retirees will be raised by 4.5% again in 2021, achieving "17 consecutive rises". In this adjustment, we will continue to adopt the adjustment method of combining quota adjustment, linked adjustment and appropriate tilt, and embody the incentive mechanism of "paying more and getting more" and "paying more for a long time" on the basis of ensuring social fairness, and at the same time give appropriate tilt to the elderly retirees and retirees in hard and remote areas.

　　In recent years, China’s national economy has continued to grow, and the income of urban and rural residents has been continuously improved. Raising the basic pension for retirees again is an important way for retirees to share the fruits of economic development, and it is also a vivid embodiment of "people-centered", which is conducive to ensuring the quality of life of retirees and alleviating the support pressure of young people to a certain extent, thus improving the people’s sense of gain and happiness. All localities should formulate specific implementation plans according to their own reality, and take effective measures to strengthen the management of income and expenditure of pension funds, ensure that basic pensions are paid in full and on time, and effectively "escort" retirees in their later years.

　　(Text/Zhao He Comics/Zhao He)