CPI Growth Rate at 4.72%: No Increases for Labor and Disaster Insurance Pensions This Year

The latest announcement from the Labor Insurance Bureau indicates that the cumulative growth rate of this year's Consumer Price Index (CPI) stands at 4.72%, failing to reach the statutory adjustment threshold of 5%. As a result, the labor and disaster insurance pension benefits will not be adjusted, disappointing many policyholders.
According to the Labor Insurance Act, if the cumulative CPI increase exceeds 5%, adjustments to labor insurance pensions must be made. Last April, the Bureau announced that those claiming labor insurance pensions for the years 98 to 110 could increase their monthly benefits starting last May. However, as the CPI did not meet the threshold, no adjustments can be made this year.
Statistics show that among the years when labor insurance benefits have been adjusted, 98 and 99 had the highest adjustments, with a cumulative increase of 17.42%. Meanwhile, claimants from the 111th year have not been adjusted, leading to disappointment among many retired workers this year.