How many years can Shanghai social security pay for retirement?

Shanghai residents can receive their pensions after paying 15 years. To reach the retirement age stipulated by Shanghai, you can go through the formalities of receiving a pension at the social insurance agency, and you can receive a monthly pension after being approved by the social insurance agency.

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. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Pay 15 old-age insurance in Shanghai, and if you retire at the age of 65 according to the average monthly salary of 7 132 yuan in Shanghai, the monthly pension in your personal account is10/month, and you can get 2086.6 yuan per month. Shanghai workers should reach the retirement age stipulated by the state and this municipality when receiving pensions; Men engaged in management and technical work are over 60 years old, women are over 55 years old, and women directly engaged in production and service work are over 50 years old.

If a foreign household registration needs to go through the retirement formalities in Shanghai, it needs to meet the following three conditions at the same time: First, the accumulated social security payment in Shanghai has reached 10 years. Second, the total social security contributions in Shanghai and other places have reached 15 years. Third, the social security relationship is in Shanghai when reaching retirement age. If men are under 50 years old/women are under 40 years old when they first join the insurance in Shanghai, then basic deposit account will be established when they join the insurance in Shanghai. When reaching the statutory retirement age (currently 60 years old for men/50 years old for women), if the basic account is still in Shanghai, and the last place where the payment has accumulated for ten years is also in Shanghai, then the pension application place is in Shanghai, and you can apply for a pension in Shanghai. If you have reached the age of 15 and the accumulated payment period has expired (including the payment period transferred to other insured places in this city and the continuous length of service before the end of 1992, the same below), you can enjoy a monthly pension from the next month after your application and approval according to Shanghai standards (this has nothing to do with your household registration at that time); When you reach the age and the payment period is less than 15 years, you can apply for deferred payment in Shanghai until you reach 15 years, and then apply for a pension.

Legal basis:

Article 16 of the Social Insurance Law of People's Republic of China (PRC) * * * Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at 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.