Job Recruitment Website - Social security inquiry - How many years can Guangzhou get a pension after paying social security?
How many years can Guangzhou get a pension after paying social security?
Individuals who participate in the basic old-age insurance can receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for fifteen years. If the accumulated payment is less than fifteen years, you can choose to continue to pay until you meet the fifteen-year conditions, or you can transfer the existing old-age insurance to the new rural social old-age insurance or urban residents' social old-age insurance, and enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council. In addition, the state has also established a normal adjustment mechanism for basic old-age pensions, and raised the level of basic old-age insurance benefits in a timely manner according to the average wage increase and price increase of employees.
Social security pension conditions:
1, male over 60 years old, female over 50 years old (female cadres 55 years old, female employees 60 years old);
2, to participate in the basic old-age insurance for employees accumulated over 15 years;
3. Terminate the labor relationship with the employer;
4, in accordance with national and local regulations for retirement procedures;
5, personal account storage is enough to pay my basic pension.
To sum up, individuals who participate in the basic old-age insurance in Guangzhou can receive the basic old-age pension when they reach the legal retirement age, and the state will raise the level of old-age insurance benefits in a timely manner according to the average wage increase and price increase of employees.
Legal basis:
People's Republic of China (PRC) social insurance law
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 a total of fifteen years when they reach 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.
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