Job Recruitment Website - Social security inquiry - What do I need to do to transfer my pension insurance from outside Guangdong to Guangzhou?
What do I need to do to transfer my pension insurance from outside Guangdong to Guangzhou?
Pension insurance is automatically applicable to the elderly within the scope of the law after they have "completely" or "basically" withdrawn from social and labor life. The so-called "complete" is characterized by the separation of workers from the means of production; the so-called "basic" means that participation in productive activities is no longer a major part of social life. The legal age limit is the practical criterion. At the same time, the insured person can only receive a monthly basic pension and funeral allowance from the month following the approval of the administrative department of labor security if he/she meets the following two conditions, i.e.: he/she meets the retirement conditions stipulated by the state and has gone through the relevant formalities; and if he/she has contributed to the basic pension insurance premiums for a cumulative total of 15 years, he/she is entitled to receive a monthly basic pension and funeral allowance from the month following approval by the administrative department of labor security. The basic pension insurance premiums are paid by both the enterprise and the insured at different contribution rates***. For example, in Beijing, enterprises pay 19% of the total contribution base and employees pay 8% of their salary.
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