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The latest social security regulations under 15
Employee retirement can be divided into? Normal retirement. What else? There are two kinds of special retirement. The former means that workers quit their jobs because of old age, and the latter means that workers quit their jobs because of special circumstances such as disability due to illness and special types of work. ? This paper only discusses the situation of resigning from work because of reaching the legal retirement age, that is, normal retirement, and does not discuss special retirement.
According to item 1 of Article 65438 of the Interim Measures for Retirement and Resignation of Workers in the State Council promulgated by 1978, "Workers in enterprises and institutions owned by the whole people, state organs and people's organizations who meet one of the following conditions shall retire: (1) Men who have reached the age of 60, women who have reached the age of 50 and have worked continuously for ten years." This is a general rule about the retirement of employees due to old age, which is called the legal retirement age. Since the promulgation of this method, the state has not promulgated any other laws and regulations on retirement age, and this method has been in use ever since? .
On 20 11July1day, the Social Insurance Law came into effect. Article 16 of the law stipulates that "individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age."
According to this provision, employees must meet two conditions at the same time to receive the basic pension on a monthly basis. Must reach the statutory retirement age, and secondly? The cumulative payment period of individuals participating in the basic old-age insurance is over 15 years. This is a mandatory requirement, and two conditions must be met at the same time to receive the basic pension.
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