The reason why the retirement subsidy for vocational education in Weinan, Shaanxi Province was not paid out was that the insured units did not pay off the occupational annuity of retirees in time at the tax bureau, which led to the untimely payment.

The basic pension, also known as retirement fee, is the most important pension insurance treatment. In 2022, the basic pension for retirees will increase by 4%, which consists of basic pension, personal account pension and transitional pension.