What Is a Superannuation Fund?

Basic pension is also called retirement pension and retirement expense, which is the most important kind of pension insurance treatment.

Basic pension

Jia Mou, male, born in December 1946, a fixed worker of a state-owned enterprise in Guangzhou, joined the work in January 1967, and joined the city since July 1992.

In 2015, the basic pensions were adjusted for 79.74 million corporate retirees across the country, and the adjusted monthly basic pensions exceeded RMB 2,200 per capita; the basic pensions for urban and rural residents exceeded RMB 110 per month; and the level of government subsidies for urban residents' medical insurance increased from the annual per capita in 2014. 320 yuan increased to 380 yuan; ^[3]