What is the standard of endowment insurance?

The standard for receiving old-age insurance is to reach the statutory retirement age, and the accumulated payment is 15 years. If the accumulated payment is less than fifteen years and reaches the statutory retirement age, it can be paid for fifteen years; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance.

Legal objectivity:

"Social Insurance Law" Article 20 The State establishes and improves a new rural social endowment insurance system. The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies. "Social Insurance Law" Article 21 The benefits of new rural social endowment insurance consist of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.