Latest regulations on social security payment age

The latest provisions on the age of social security contributions are as follows:

The payment age of endowment insurance in social insurance starts from 16 years old and reaches the legal retirement age. Generally, men are 60 years old, female cadres are 55 years old, female employees are 50 years old and female residents are 60 years old. Employees of enterprises and institutions who participate in the work should pay social insurance from the beginning of their employment. Staff of public institutions and employees of enterprises should pay social insurance until retirement age, when the minimum payment is 15 years, they can retire and receive pensions.

You can enjoy the following rights by paying five insurances and one gold:

1, old-age insurance: receiving old-age pension, retirement pension and funeral expenses after retirement is the guarantee of old-age life;

2. Medical insurance: medical reimbursement and medical insurance treatment services for the elderly;

3. Unemployment insurance: receive unemployment insurance after unemployment;

4. Work-related injury insurance: payment of work-related injury medical expenses, living care expenses, disability allowance and disability allowance;

5. Housing accumulation fund: used for personal expenses such as buying a house, decorating and renting a house.

To sum up, industrial injury insurance and maternity insurance do not need to be paid by individuals, but are paid by enterprises. Individuals who participate in the basic medical insurance for employees will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with the provisions of the state if they reach the statutory retirement age and the accumulated payment has reached the fixed number of years stipulated by the state; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state. Medical expenses that should be borne by a third party according to law. If the third party is unable to pay or cannot determine the third party, the basic medical insurance fund will pay in advance. After the basic medical insurance fund pays in advance, it has the right to recover from the third party. Workers with work-related injuries who meet the conditions for receiving basic old-age pension will stop receiving disability allowance and enjoy basic old-age insurance benefits. If the basic old-age insurance benefits are lower than the disability allowance, the difference will be made up by the industrial injury insurance fund.

Legal basis:

Article 4 of People's Republic of China (PRC) Social Insurance Law

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.