Core Viewpoint - The article highlights the increase in the minimum monthly basic pension standard for urban and rural residents by 20 yuan, along with an appropriate increase in the basic pension for retirees, aimed at benefiting over 300 million elderly individuals in China [1]. Group 1 - The Ministry of Finance has announced a 20 yuan increase in the national basic pension standard for urban and rural residents [1]. - There will be an appropriate increase in the basic pension for retirees to ensure timely and sufficient payment of these benefits [1]. - The central government is increasing financial support and implementing nationwide coordination of pension insurance to enhance the pension system [1].