How old is social security?

Hello! This is the latest social security policy of 20 14.

15 years is the minimum basic pension, and the longer the payment period, the more you pay.

Pension: (average monthly salary of local employees in the previous year+average monthly payment salary of myself) /2× payment period × 1%+ personal account balance at the time of first collection/payment months.

According to the current policy:

1. In the same city, the cumulative payment of basic old-age insurance is 15 years, and the cumulative payment of basic medical insurance is 20 years. When retiring, the minimum basic pension will be issued according to the standard of the city where the payment is made, and the medical insurance standard of the city where the payment is made will be implemented.

2. Migrant workers, in every city, the basic old-age insurance and basic medical insurance are not enough years, but in all cities, the cumulative payment of basic old-age insurance is 15 years, and the basic medical insurance is 20 years, so the basic pension is paid according to the local standard of their domicile, and the medical insurance standard of the domicile is implemented.

3 in all cities, the basic old-age insurance and basic medical insurance payment is insufficient, when retirement, according to the local social security payment base of the year to supplement the basic old-age insurance and basic medical insurance.

4. According to the latest reform plan, from 20 15, the retirement time will be extended by one year every three years. By 2030, the retirement age of male workers in China will be extended to 65 years, and the retirement age of women will be extended to 60 years.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.