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How many years of social security can get a pension?
According to the Social Insurance Law of the People's Republic of China, individuals who have participated in basic pension insurance are required to have paid contributions for a total of fifteen years by the time they reach the legal retirement age, and then go through the retirement procedures and receive a basic pension on a monthly basis.
China's legal retirement age is 55 years old for women and 60 years old for men, and social security pensions are paid according to these two ages. In contrast, commercial pensions are much more flexible, offering a wide range of choices for when to receive them, and they can be changed before they start. The start of the annuity is usually centered on the insured's ages of 50, 55, 60 and 65, but also earlier or later.
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