A few days ago, the Ministry of Human Resources and Social Affairs and the Ministry of Finance jointly issued the "Notice on Adjusting the Basic Pensions for Retired Persons in 2018", clearly stipulating that from January 1, 2018, the retirement procedures will be completed according to the regulations before the end of 2017 and the basics will be collected on a monthly basis. Pensions and retirees of government agencies and institutions raise the basic pension level, and the overall adjustment level is about 5% of the monthly basic pension for retirees in 2017.

The reporter noted that although the overall increase in pensions this year has been lowered from 5.5% in 2017, with the continued increase, this year's pension has achieved “fourteen consecutive increases”. This is a "reassuring" for the majority of retirees, meaning that the amount of money you get will increase this year.