Reported 9 months ago
Starting from May, the Labor Insurance Bureau has adjusted the pension benefits for 8 annual labor claims, with an increase of up to 7.59%. The adjustments, aimed at countering inflation, are scheduled to be credited at the end of June. Due to weekend constraints, the payments will be received earlier, benefitting over 850,000 workers. The adjustments mark the highest increase, with a range of 5.51% to 7.59%, due to cumulative CPI increments triggering the mechanism. Similar adjustments were carried out in previous years to address rising global inflation rates, benefiting a growing number of retirees.
Source: YAHOO