Is the American social security card permanent?

1. How many years does it take to work in the United States for social security?

The federal pension system sets different legal retirement ages for people born at different times. For example, the legal retirement ages of 1943 and 1957 are 66 years and 66 years and 6 months respectively, and those born after 1960 are 67 years old. Those who retire at the statutory retirement age can enjoy a full pension.

The federal pension system does not implement compulsory retirement. Those who retire before the statutory retirement age will be given a reduced pension, which will be reduced by 0.56% every month in advance, and they can retire at the earliest age of 62; Encourage retirement after reaching the statutory retirement age, and increase the pension by 0.25% every month. If you retire at the age of 70, you can get 130% of the full pension. Retirement after the age of 70, the pension will not continue to increase, and it will still be 130% of the full pension.

Encourage retirees to continue to do what they can. People who are engaged in gainful employment after retirement can still receive a full pension if their annual total income is lower than a certain standard; When the income exceeds a certain standard, the pension will be deducted by 50% of the excess; Those who are still working over 70 years old will not be given a reduced pension regardless of their income.

Second, endowment insurance.

Social basic old-age insurance, the full name of which is social basic old-age insurance, is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

According to the above answers, it can be concluded that the payment time of old-age insurance in the United States has been given above, and the childbearing age should be set separately. There may be some differences in the payment time of endowment insurance between the United States and China.