Can I get a pension in Shenzhen when I buy social security at the age of 42?

At the age of 42, I bought social security in Shenzhen, but I couldn't get a pension in Shenzhen. You need to meet the requirements of local household registration and payment period to get it. Moreover, social security rates are different due to factors such as geography and occupation, and need to be specifically inquired.

According to China's current laws and regulations, pensions are linked to local household registration and payment years. Therefore, buying social security in Shenzhen at the age of 42 does not mean that you can receive a pension in Shenzhen, and you must meet the requirements of local household registration and payment period. Specifically, the household registration requirement in Shenzhen is that you have paid social security in Shenzhen for 15 years and have a household registration record in Shenzhen before you are eligible to receive a local pension. For non-Shenzhen residents, they need to meet the requirements of the number of years to pay social security in the local area before they can apply for pensions. In addition, in the process of social security payment, social security rates will vary due to different factors such as regions and occupations, and specific rates need to be specifically inquired. It should be noted that at present, the pension policies of different provinces and cities are different, and it is necessary to further understand the local policies and regulations whether you can receive pensions in Shenzhen.

What fees do I need to pay for purchasing social security? To purchase social security, you need to pay many expenses such as endowment insurance, medical insurance, work injury insurance, unemployment insurance and maternity insurance. Among them, endowment insurance is the most important part and one of the key factors affecting pension. The payment standard varies with regions, industries, salaries and other factors. Generally speaking, individuals pay 20% and units pay 30%.

At the age of 42, I bought social security in Shenzhen, but I couldn't get a pension in Shenzhen. You need to meet the requirements of local household registration and payment period to get it. At the same time, when paying social security fees, you need to pay the corresponding fees according to the specific situation. Therefore, when purchasing social security, it is recommended to know the local policies and regulations in advance so as to better plan your financial and retirement plans.

Legal basis:

"Social Insurance Law of People's Republic of China (PRC)" Article 16 Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.