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The Guangdong government has raised the monthly pension for all retirees from local enterprises by 120 RMB.聽
Up to 2.485 million retirees will benefit from the raise and the average basic monthly pension standard for retirees in Guangdong will exceed 1000 RMB, according to the Provincial Labor and Social Security Department.
Senior technology professionals and 80-years-old-or-above elderly will get an additional increase of 50 -60 RMB.
The raising of the pensions is based on local salary growth rate in the past year. Considering different economic development levels and wage standards, the pension growth rates will also differ in cities.
Editor: Yan
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