Conditions for foreigners to receive pension in Hangzhou

Foreigners need to fulfill certain conditions to receive a pension in Hangzhou, including paying social security in Hangzhou for 15 years, or living in Hangzhou for 5 years and paying social security in Hangzhou for 10 years. Relevant supporting documents are also required.

Hangzhou has implemented a "residence and insurance" pension insurance system, which establishes a pension insurance relationship according to both the place of residence and the place of work. In order to receive a pension in Hangzhou, a foreigner needs to fulfill the following conditions: 1. He/she has paid social insurance in Hangzhou for 15 years. 2. Foreigners who have worked continuously in Hangzhou and paid social security on time for 15 years can apply to receive a pension in Hangzhou. 2. Having lived in Hangzhou for 5 years and having paid social security in Hangzhou for 10 years. Foreigners can apply to receive a pension in Hangzhou if they have lived there for five years by purchasing or renting a house and have paid social security for 10 years during this period. On the premise of the above conditions, foreigners are also required to provide a series of relevant supporting documents, such as ID cards, proof of social security payments, proof of residence, etc. It should be noted that the policy stipulates that residents who pay social security in cities such as Beijing can also receive pensions in Hangzhou.

What is the difference between the social security paid by foreigners and that of local residents? Foreigners and local residents pay the same standard of social security fees, but may be different when enjoying social security benefits. For example, when calculating pensions, they may be categorized according to the time of payment, the accumulated amount, and so on. The specific implementation should be adjusted and interpreted according to local policies.

The conditions for foreigners to receive pensions in Hangzhou are relatively relaxed, but they need to fulfill certain requirements of years of experience and provide relevant supporting documents. In the process of paying social security, care should be taken to keep records of social security payments and other information for use in future applications for pensions.

Legal basis:

Article 42 of the Social Insurance Law of the People's Republic of China (PRC) Article 42 of the Social Insurance Law of the People's Republic of China (PRC) Persons participating in social insurance shall be included in the management of individual accounts in accordance with law, and shall be entitled to receive basic pensions and other social insurance benefits in accordance with law after their legal retirement age.