Social Security Retirement Policy for Non-local Accounts in Beijing

When non-local urban household registration personnel go through retirement formalities in Beijing, they should apply for pension insurance benefits on a monthly basis, which should meet three conditions: First, they should reach the legal retirement age. Second, the cumulative payment period of endowment insurance is fifteen years. Third, the cumulative pension insurance period in Beijing is ten years.

First, the field of urban household registration personnel in Beijing for retirement procedures, monthly pension insurance benefits need to meet three conditions:

First, reach the statutory retirement age.

Second, the cumulative payment period of endowment insurance is fifteen years.

Third, the cumulative pension insurance period in Beijing is ten years.

However, if a non-local registered permanent residence wants to retire in Beijing and receive a pension according to Beijing standards, two other conditions must be met while meeting the retirement qualifications and conditions:

1. Beijing social security contributions have accumulated for more than 10 years.

Former Beijing Insured (40-year-old female and 50-year-old male).

Two, foreigners reached the statutory retirement age, and determined to receive pension insurance benefits in Beijing, can enjoy the pension standard in Beijing. There are the following types of specific pensions:

1. If the basic old-age insurance relationship is located at the domicile, the domicile shall be responsible for handling the formalities for receiving benefits and enjoying the basic old-age insurance benefits.

2. If the basic old-age insurance relationship is not located in the domicile, but the accumulated payment period in the locality of the basic old-age insurance relationship reaches 10 years, the local treatment collection procedures shall be handled and the local basic old-age insurance benefits shall be enjoyed.

3. If the basic old-age insurance relationship is not located at the domicile, and the accumulated payment period in the locality of the basic old-age insurance relationship is less than 10 year, the basic old-age insurance relationship will be transferred back to the original insured place, and the payment period will be 10 year, and the treatment will be obtained and the basic old-age insurance benefits will be enjoyed.

4. If the basic old-age insurance relationship is not located in the domicile, and the accumulated payment period in each insured place is less than 10 years, the basic old-age insurance relationship and corresponding funds shall be collected in the domicile, and the domicile shall go through the formalities for receiving the benefits according to the regulations and enjoy the basic old-age insurance benefits. For details, please consult the social security agency in the place where your original unit is insured.

Social insurance fund accounting system

Article 26

The expenditure of the basic old-age insurance fund for urban and rural residents includes pension insurance benefits expenditure, transfer expenditure, subsidy to lower levels, higher levels and other expenditures.

Expenditure on pension insurance benefits includes basic pension and personal account pension paid to insured urban and rural residents in accordance with regulations, as well as funeral subsidies.

Basic pension refers to the pension benefits that are fully subsidized by governments at all levels according to regulations for insured urban and rural residents who meet the conditions for receiving benefits.

Personal account pension refers to the pension benefits paid to the insured urban and rural residents, and the one-time expenditure of personal account when the insured urban and rural residents meet the conditions for receiving pension insurance benefits. Personal account one-time expenditure refers to the expenditure that individuals who participate in the basic old-age insurance for urban and rural residents return their personal account storage due to death, going abroad (border) and repeated payment of the basic old-age insurance premiums for enterprise employees and urban and rural residents.

Funeral allowance refers to the funeral allowance paid by the government to the survivors after the death of the insured in the area where the funeral allowance system is established.

Transfer expenditure refers to the amount of funds transferred from individual accounts across regions or systems.