Job Recruitment Website - Social security inquiry - Can I still get a pension after paying social security 15?
Can I still get a pension after paying social security 15?
According to the provisions of the Social Insurance Law of People's Republic of China (PRC), when individuals participating in the basic old-age insurance reach the statutory retirement age, they must pay accumulated contributions for 15 years, go through retirement procedures and receive the basic pension on a monthly basis.
The legal retirement age in China is 55 for women and 60 for men, and social security pensions are collected according to these two age groups. In contrast, the collection time of commercial endowment insurance is much more flexible, providing a variety of choices of collection time, which can be changed before the collection begins. The starting time of annuity collection is usually concentrated in the four age groups of the insured, namely, 50 years old, 55 years old, 60 years old and 65 years old, and some are earlier or later.
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