Shaanxi pension insurance how to calculate

On October 17, 2006, the Shaanxi Pension Insurance Social Security Office of the province "on expanding the basic pension insurance coverage of the work of the operational views" Shaanxi Social Security Letter (2006) No. 126 signing a labor contract with the enterprise that has participated in the insurance, or the formation of a de facto labor relationship and has been working continuously since the enterprise's temporary staff, can be as early as October 1986, with reference to the basic pension. Temporary employees who have signed a labor contract or formed a de facto labor relationship with an insured enterprise and have been working continuously for that enterprise may, from October 1986 at the earliest, make retroactive contributions (principal and interest) in accordance with the then prevailing ratio of contributions by the enterprise and the individual in accordance with the method of payment for labor contract workers, and the basic pension will be paid out according to the actual number of years of contributions. Unofficial staff in institutions can participate directly in the form of units.

The People's Republic of China *** and the State Social Insurance Law, Article 10 Employees shall participate in basic pension insurance, by the employer and the employee *** with the payment of basic pension insurance premiums. Individual industrial and commercial households without employees, part-time workers who do not participate in basic pension insurance with their employing units, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves. Article 16 of the Social Insurance Law of the People's Republic of China Article 16 Individuals who have participated in basic old-age insurance shall receive a basic old-age pension on a monthly basis if they have accumulated 15 years of contributions by the time they reach the statutory retirement age. Individuals who have participated in basic pension insurance and have contributed for less than fifteen years by the time they reach the legal retirement age may contribute until they reach the full fifteen years, and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social pension insurance or the urban residents' social pension insurance, and enjoy the corresponding pension insurance treatment in accordance with the provisions of the State Council.