The basic pension after retirement consists of basic pension, personal account pension and occupational annuity. When retiring, the monthly standard of basic pension is based on the average monthly salary of employees in this province in the previous year and the average monthly salary indexed by myself, and is paid to 1% every1year.
In 2022, retired middle-aged people in at least two places began to implement treatment substitution, and many people received the difference of substitution. First, Ganzhou District, Zhangye City, Gansu Province, launched the work of "differential settlement compensation" for retired middle-aged people in 2020 (the year before last) around the end of February 2022.