New rules for retirement age in 2024

The new retirement age in 2024 is as follows:

1, male is over 60 years old, female is over 50 years old, and accumulated working experience is over 10 years;

2, men over 55 years of age, women over 45 years of age, the cumulative length of service for ten years, engaged in underground, high altitude, high temperature, particularly heavy manual labor or other harmful operations;

3, men over 50 years of age, women over 45 years of age, the cumulative length of service for ten years, proved by the hospital, and confirmed by the labor appraisal committee, completely lost the ability to work should be allowed to retire.

Methods for retirees to receive pensions:

1, the insured person or the social security administrator of the unit shall submit the relevant information of retirement application to the social security agency one month before reaching the statutory retirement age (special types of work and early retirement due to illness need to be reviewed three months in advance or labor ability appraisal). These data will be used to review the qualifications of retirees and determine their pension benefits.

2. Social security agencies will review the submitted materials. Once the retirees meet the requirements of receiving monthly benefits, the Employee Retirement Certificate will be issued. From next month, retirees can receive a basic pension on a monthly basis.

3. After the month15th after receiving the employee's retirement certificate, the retiree needs to bring his/her ID card, social security card and retirement certificate to the designated bank to apply for a pension debit card. This will ensure that the pension can be accurately paid to the account designated by the retirees.

4. There are three main ways to receive pension: passbook, bank card and social security card. In response to Ministry of Human Resources and Social Security's call, all localities are actively promoting the use of social security cards to receive pensions. Retirees can choose the most suitable collection method according to the requirements of local policies.

To sum up, the process for retirees to receive pensions includes submitting retirement applications, reviewing qualifications, issuing retirement certificates and handling pension debit cards. At the same time, with the continuous adjustment and improvement of social security policies, the way of receiving pensions is gradually optimized to better meet the needs of retirees. Retirees should pay attention to the changes of local policies, and understand and adapt to the new collection methods in time.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 10

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.

Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.