According to the Nanyang Human Resources and Social Security Department in a statement made June 3, the Henan Provincial Human Resources and Social Security Department and the Henan Provincial Department of Finance issued the "Notice on Adjusting the Basic Pension for Retired Persons in 2021" to be retroactively effective from January 2021.

Starting from the Jan 1, the basic pension will be adjusted for retirees who have gone through the retirement (employment) procedures in accordance with regulations and received monthly basic pensions before Dec 31, 2020. The adjusted overall increase rate is 4.5 percent, which will benefit 5.24 million retirees.