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What if social security is not enough by the age of 60? 15?
Legal basis: People's Republic of China (PRC) Social Insurance Law.
Sixteenth individuals who participate in the basic old-age insurance can receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and pay less than fifteen years; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.
Twenty-seventh individuals who participate in the basic medical insurance for employees, when they reach the statutory retirement age, will no longer pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with state regulations; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.
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