Shaanxi adjusts the basic pensions of retired individuals.

On July 25th, according to the Shaanxi Provincial Department of Human Resources and Social Security, the Shaanxi Provincial Department of Human Resources and Social Security, together with the Provincial Department of Finance, jointly issued a notice on adjusting the basic pensions of retirees by 2025. It was decided to increase the basic pension for retirees. The notice will be implemented from January 1, 2025. This adjustment involves retirees from enterprises and institutions who have completed retirement procedures before December 31, 2024 according to regulations, but does not include old workers who participated in revolutionary work before the founding of the People's Republic of China and enjoy 100% of their original salary retirement benefits. According to the policy, the basic pension for retirees in Shaanxi will increase by 30 yuan per person per month. For the part of the payment duration within 15 years, an additional 10 yuan per person per month will be added; for the part exceeding 15 years of payment duration, an additional 0.7 yuan per person per month will be added for each full year. The payment duration is calculated in full years, and if it is less than 1 year, it is counted as 1 year. The policy stipulates that the basic pension of retirees in December 2024 will be used as the base to increase by 0.52%. The additional amount is calculated to the nearest yuan, and any remaining amount less than 1 yuan will be rounded up to 1 yuan. Among retirees, those born before December 31, 1944 will receive an additional 30 yuan per person per month; those born between January 1, 1945, and December 31, 1949, will receive an additional 20 yuan per person per month; and those born between January 1, 1950, and December 31, 1954, will receive an additional 10 yuan per person per month. The head of the relevant department of the Shaanxi Provincial Department of Human Resources and Social Security introduced that after this adjustment, the basic pensions of retired military officers transferred from enterprises will be topped up if they are lower than the average level of basic pensions for retirees in the city. It is also clarified that the funds needed for this adjustment will be paid from the basic pensions fund for employees of participating enterprises, and from the basic pensions fund for employees of institutions and institutions for those participating in the basic pensions insurance for employees of the institution. For those who have not participated in the basic pensions insurance for employees, the funds will be resolved through the original channels.