City raises pensions for retirees

On March 13, the Beijing Human Resources and Social Security Bureau released the 2015 pension adjustment plan for retirees in the capital city. According to the new plan, the average retirement monthly pension will be raised by 305 yuan ($48.7) for a total of 3,355 yuan per person, the Beijing Times reported.

This year's adjustment covers 2.38 million retirees in Beijing and is effective starting January 1. Retirees will receive the difference between what they had already been paid and the new amount for their January and February pension in March.

According to the bureau, the city has increased pensions for enterprise retirees in the city 23 times since 1994.