Latest regulations on retirement policy for foreigners in Beijing

The latest provisions of the retirement policy for foreigners in Beijing are as follows:

1, you must pay the fees normally in Beijing in the month of retirement (you must consult the social security bureau of your district in advance to verify);

2. Reach the statutory retirement age;

3. The basic old-age insurance "unified account combination" was established in Beijing;

4. Beijing's basic old-age insurance payment must be over 10 years, and the accumulated payment must be over 15 years (inclusive).

The conditions for foreigners to retire in Beijing are:

1, social security is due 15 years. If the accumulated payment period is less than 15 years, you can choose to pay back to 15 years.

You must reach the retirement age stipulated by law before you can apply for retirement. According to the law, both men over 60 and women over 50 should retire.

3. In addition to meeting the above-mentioned basic conditions for retirement, choosing to retire in Beijing also requires that social insurance has been paid in Beijing for more than 0/0 years. Female employees should be over 40 years old, and men should participate in social insurance in Beijing before reaching 50 years old.

The collection methods of retirement wages usually include:

1. Bank payment: retirees can choose to receive retirement wages through bank payment. The specific way is to open an account in the retirement wage payment bank and go through the payment procedures, and then the retirement wage will be automatically transferred to the account;

2. Cash withdrawal: retirees can also withdraw cash at the bank counter where retirement wages are paid, but they need to provide corresponding identity certificates and retirement certificates;

3. Receive by post: For some retirees who can't receive their retirement wages on the spot, they can mail their retirement wages to their designated address.

To sum up, different regions and different units may receive specific retirement wages in different ways. Before retiring, retirees should understand the relevant policies and processes to ensure that retirement wages can be received in a timely and safe manner. At the same time, retirees should take good care of their retirement certificates and related identity documents to avoid loss or misappropriation.

Legal basis:

Article 15 of the Social Insurance Law of People's Republic of China (PRC)

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.