How to pay the pension after five years as a soldier?

The length of service of retired soldiers is regarded as the length of insurance payment.

1. Renewal in personal name:

After military personnel leave the army, they can pay social endowment insurance in their own names. You only need to apply to the social security bureau where your account is located, bring your ID card, and prepare two recent bareheaded one-inch photos until the local social security bureau handles them. It should be noted that paying social security in the name of an individual can only be used for endowment insurance and medical insurance.

So, how much old-age insurance do individuals need to pay? The amount of social security payment is calculated according to the local social wage of the previous year, which is different every year. For example, the average salary of a prefecture-level city is 20,000, then the pension insurance payment is 20,000 * 20% = about 4,000/year, and the medical care is 20,000 *10% = about 2,000/year.

2. Continue by unit:

If it is a foreign household registration, you can't apply for personal renewal, and you can buy social security through the unit.

One advantage of renewing payment through the unit is that the unit will bear part of the expenses for the payer, thus reducing its own payment pressure. In addition, the unit can also participate in five insurances and one gold, which is more cost-effective than the individual can only pay pension and medical insurance. The disadvantage is that every unit is willing to pay social security for individuals, which requires more connections.

Legal basis:

retired soldier resettlement ordinance

Article 46 Retired soldiers who are employed in urban enterprises or engaged in self-employment and flexible employment in cities and towns shall participate in the basic old-age insurance for employees in accordance with the relevant provisions of the state, and their years of active service shall be regarded as the payment period of the basic old-age insurance for employees, which shall be combined with the actual payment period. Retired soldiers returning home should participate in the new rural social endowment insurance in accordance with the relevant provisions of the state.

The relationship between the retired old-age insurance established by retired soldiers during their active service and their participation in basic old-age insurance after retirement shall be handled by the military personnel insurance management department and the social insurance agency in the resettlement area in accordance with the relevant provisions of the state.

The service life of retired soldiers is regarded as the payment period of basic old-age insurance for employees, and the measures for the calculation and payment of old-age insurance benefits are implemented in accordance with relevant state regulations.

Article 13 of People's Republic of China (PRC) Insurance Law: Soldiers

Soldiers discharged from active service participate in basic old-age insurance and are subsidized by the state.