How old is the age to start receiving pension insurance benefits

How old is old enough to receive an old-age pension is divided into two cases:

1. Individuals who take part in the employees' old-age insurance can receive an old-age pension when they retire at the age of 60 for male employees and 50 for female employees.

2. Individuals who participate in urban and rural residents' pension insurance can receive a pension when they reach the age of 60.

The types of insurance included in the pension insurance are as follows:

1. Basic pension insurance for urban workers, basic pension insurance for urban workers refers to a social insurance in which the state adopts legislation and raises funds through multiple channels to provide certain financial compensation to workers when they reduce or lose their labor income in their old age, so that the insured can enjoy the basic livelihood security;

2, Urban residents' social pension insurance, urban residents' pension insurance fund mainly consists of individual contributions and government subsidies, applicable to urban residents who do not participate in the work or do not participate in the basic pension insurance for employees;

3, the new rural pension insurance, the new rural pension insurance for the insured farmers who reach the age of 60 years old will be able to enjoy the pension treatment, is the realization of the important system of protection of the farmers in their old age.

The role of social security:

1, the more individuals pay, the more the unit for you to invest. Five insurance contributions are the same base units and individuals bear different proportions, the unit contribution is about two times the individual contribution.

2, the social security fund contributions are tax-free, not only to pay no personal income tax, treatment to receive no personal income tax, and the special account is not deducted interest tax; and if the salary as a payroll to me, is required to withhold personal income tax, deposited in the bank, there will be interest tax.

3. After paying pension insurance for a minimum number of years and reaching the legal retirement age, you can retire and receive a monthly pension. Pension can be received until death, and with the improvement of the standard of living of society and "only increase", will be adjusted every year to increase the capital, can make the old age to get stable and reliable protection.

4, pay medical insurance can get medical insurance reimbursement; if the accumulated in-service contributions to meet the minimum number of years, after retirement can not continue to pay the basic medical fees and can enjoy higher than the level of reimbursement of in-service health insurance.

5. Paying for maternity insurance reimburses the cost of prenatal checkups, family planning surgery and childbirth surgery. Moreover, maternity insurance premiums are fully borne by the organization.

6, pay unemployment insurance can get unemployment insurance benefits and other subsidies in case of unemployment. Unemployment insurance is a policy-based insurance, which is usually not available in commercial insurance companies.

7, pay work injury insurance can be in the encounter of industrial accidents or occupational disease compensation, not afraid of 10,000, just be afraid of the eventuality, especially some of the major accidents, do not have to worry about small companies to delay payment of treatment. Moreover, the premiums for work injury insurance are fully borne by the organization.

8, the payment of housing fund is equivalent to the unit with you in the same proportion to deposit a tax-free income, can be withdrawn for housing-related purposes, if not used up in employment, retirement can also be a one-time take out; in addition, housing fund loan interest rates lower than commercial loans.

In summary, different pension systems and conditions of participation may vary, so the exact age at which you can receive your pension may vary.

Legal basis:

Article 2 of the Social Insurance Law of the People's Republic of China

The state establishes a social insurance system for basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance, and guarantees the right of citizens to receive material assistance from the state and society in accordance with the law in the event of old age, sickness, industrial injury, unemployment and maternity.

Article 16

Individuals who have participated in basic old-age pension insurance and who have made contributions for a total of fifteen years by the time they reach the legal retirement age shall receive a basic old-age pension on a monthly basis.

Individuals who have participated in basic old-age 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 old-age insurance or the urban residents' social old-age insurance, and shall enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.