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How old does an individual retire when he pays social security?
According to the current regulations, the legal retirement age of self-employed industrial and commercial households and flexible employees is 60 years old for men and 55 years old for women. When you reach the legal retirement age and the accumulated contributions reach 15, you can start to receive a monthly pension. Conditions for pension insurance to enjoy benefits: 1. Pay at least 15 years. The second is to reach the statutory retirement age. Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.
Legal objectivity:
People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity.
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