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What does Beijing Social Security 4050 Policy mean?
Legal analysis: the retirement age stipulated by the state is 60 for men and 50 for women. 4050 refers to flexible employees who have reached the 4050 standard (that is, men over 50 years old and women over 40 years old) before 2011231,and can apply for and participate in social insurance subsidies given by the state.
Legal basis: Article 4 of People's Republic of China (PRC) Social Insurance Law. Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.
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