What conditions do foreigners need to pay social security for retirement and enjoy Shanghai social security?

Conditions for foreigners to pay social security for retirement and enjoy social security in Shanghai;

First, the conditions for non-Shanghai residents to receive pensions in Shanghai.

1. Reach the national legal retirement age, that is, 60 years for men, 50 years for women and 55 years for female cadres;

2. Accumulated payment years 15 or above, including Shanghai social security payment years 10 or above, and social security relationship before retirement in Shanghai.

I finally retired in Shanghai.

Second, how to receive the pension of non-Shanghai residents in Shanghai:

The insured reaches retirement age and meets the conditions for non-Shanghai residents to receive pensions in Shanghai. After going through the promotion procedures in accordance with relevant regulations, you can receive a monthly pension in Shanghai.

The monthly pension consists of basic pension and personal account pension. If the pension in Shanghai is raised, the pension of non-Shanghai residents will also be adjusted according to the same standard. The specific calculation formula is as follows:

1. Basic pension = (average monthly salary of employees in last year+average monthly payment salary of myself) ÷2× payment period ×1%;

2. Personal account pension = personal account storage (total amount paid by individuals) ÷ personal account pension months.

legal ground

People's Republic of China (PRC) social insurance law

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Interim Measures for the Transfer and Continuation of Basic Old-age Insurance for Employees of Urban Enterprises

Article 6

When the insured persons with inter-provincial floating employment meet the conditions for receiving treatment, the place for receiving treatment shall be determined according to the following provisions:

(a) the basic old-age insurance relationship in the domicile, the domicile is responsible for receiving treatment procedures, enjoy the basic old-age insurance benefits.

(2) If the basic old-age insurance relationship is not located in the domicile, but the accumulated payment period in the domicile of the basic old-age insurance relationship has reached 10 years, the local treatment collection procedures shall be handled and the local basic old-age insurance benefits shall be enjoyed.

(3) If the basic old-age insurance relationship is not located at the domicile, and the cumulative payment period in the locality where the basic old-age insurance relationship is located is less than 10 year, the basic old-age insurance relationship will be transferred back to the original insured place, and the payment period will be 10 year, thus enjoying the basic old-age insurance benefits.

(4) If the basic old-age insurance relationship is not located at the domicile, and the accumulated payment period in each insured place is less than 10 year, the basic old-age insurance relationship and corresponding funds shall be collected at the domicile, and the domicile shall go through the formalities for receiving the benefits according to regulations and enjoy the basic old-age insurance benefits.