Can workers in Zhejiang Province pay pensions at the age of 60?

At the age of 60, you can make up your pension in the following ways:

1. The new policy of paying back the old-age insurance is that the elderly who are over 60 years old but pay less than 15 can choose to pay back, but they can't pay back after this year. Residents' old-age insurance premiums can only be collected after a cumulative payment of 15 years.

The difference between pension and retirement pension is as follows:

1. Retirement fee is the retirement treatment of retirees who have not participated in endowment insurance by the state finance; Pensions are paid by social insurance funds, and the retirement benefits of retirees who participate in endowment insurance;

2. Pensions are provided by organs or enterprises, and endowment insurance is withheld and remitted by insured units;

3. Pensioners are employees of enterprises and institutions, and pensioners are institutions and institutions.

Pension payment methods are as follows:

1. If the parties have an employer, the old-age insurance shall be jointly paid by the employer and the employees;

2, individual contributions can be remitted by the unit from their wages;

3. If a party has no unit and participates in the insurance in the name of an individual, the monthly payment shall be made by the party itself.

The payment process of endowment insurance is as follows:

1. endowment insurance payment process: declare the employee payment base to the local social insurance agency at the specified time every year; Go to the social insurance registration institution in the district or city where the employees are located within the specified time every month to apply for the change declaration of employees' increase or decrease; Pay the old-age insurance premium at the specified time every month.

The endowment insurance payment base is as follows:

1, individual employees pay the basic old-age insurance premium at 8% of their average monthly salary in the previous year. If the individual payment base is lower than 60% of the average monthly salary of employees in urban units in the province last year, 60% of the average monthly salary of employees in urban units in the province last year is the payment base, and 300% of the average monthly salary of employees in urban units in the province last year is the payment base.

2, the insured units above the annual total wages of employees as the payment base, according to 20% to pay the basic old-age insurance. If the unit payment salary is lower than 60% of the average monthly salary of employees in urban units in the province in the previous year or the total salary cannot be approved, the sum of the individual payment bases of employees shall be the payment base.

To sum up, in line with their own conditions, prepare the corresponding materials to the relevant departments to go through the formalities.

Legal basis:

Article 10 of People's Republic of China (PRC) Social Insurance Law

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.