The factories near Shanghai and Taitai recruit women workers.

Employees' pension insurance retirement needs accumulated contributions 15 years to enjoy pension benefits.

Pension conditions:

Individuals who participate in the basic old-age insurance can receive the basic old-age pension on a monthly basis if they have paid 15 years when they reach the statutory retirement age. In other words, employees who participate in endowment insurance must meet two conditions before they can receive pensions: first, they must reach the statutory retirement age; Second, the accumulated endowment insurance premium has reached 15 years. The so-called legal retirement age refers to the age when employees resign and are eligible for pensions.

According to the relevant regulations, the legal retirement age of employees in Chinese enterprises is: 60 years for men, 50 years for women employees and 55 years for women cadres. Engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health (hereinafter referred to as special jobs), the retirement age is 55 years old for men and 45 years old for women; Disabled due to illness or non-work-related, the retirement age is 55 years old for men and 45 years old for women, which is certified by the hospital and confirmed by the labor appraisal committee.

Pension, also known as pension and retirement fee, is the most important pension insurance treatment. That is to say, according to the relevant national documents, the monthly or lump-sum payment of insurance benefits in the form of money is the need to benefit the society and is mainly used to ensure the basic living needs of employees after retirement according to their contributions to society and their qualifications or retirement conditions.

Pensions are accumulated and operated in accordance with the principle of common accumulation by the state, the collective and the individual. When people are in their prime of life, part of the wealth created is invested in pension plans to ensure a sense of security in their later years.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.