Can migrant workers adopt old insurance money on a monthly basis?

Can migrant workers receive old-age insurance money on a monthly basis? Let me introduce you. I hope I can help you.

According to the current basic old-age insurance policy, people who meet the following conditions can receive a basic pension on a monthly basis.

(a) to participate in the basic old-age insurance for enterprise employees, and pay the basic old-age insurance premiums in accordance with the provisions. The insured person of the employer, male over 60 years old; Female employees are over 50 years old and female cadres are over 55 years old; Retirement age of individual insured: male over 60 years old; Female 1 99665438+1 October1,who has participated in the basic old-age insurance for enterprise employees and is over 50 years old,199665438+1October1and later, ignoring the same payment period.

(2) The payment years (including deemed payment years, excluding the converted length of service) have reached 15 years and above, of which: 1996 65438+ 10/to work (or participate in basic old-age insurance), and in June 2006, 65438+.

(III) After the insured reaches the national statutory retirement age, if the payment period fails to meet the requirements of receiving monthly retirement benefits and the payment cannot be continued, the pension insurance relationship will be interrupted after going through the one-time payment formalities at the social security bureau of the insured place the month after reaching the national statutory retirement age.

Extended reading of related knowledge: What is the handling process of endowment insurance?

1. Application: The insured person himself submits a written application to the social insurance agency in the place where the benefits are received. Workers should pay personal savings endowment insurance premium according to their salary income, deposit it in the account opened by the local social insurance institution in the bank, and calculate the interest according to the deposit rate of urban and rural residents not lower than or higher than the same period, and encourage employees to participate in savings endowment insurance. The interest earned can be credited to personal accounts, and all the principal and interest are owned by employees.

2. Review: the social insurance agency in the place where the benefits are received accepts and reviews the written application of the insured. To meet the requirements of these measures, send a contact letter to the social insurance agency where the insured person's original job insurance, new rural insurance or urban residence insurance is located within 15 working days, and provide relevant information; For those who do not meet the system connection conditions, explain to the applicant.

3. Handling: the social insurance agency where the insured person's old job insurance, new rural insurance or urban residence insurance relationship is located will complete the system connection procedures within 15 working days after receiving the contact letter.

4. Settlement: The social insurance agency in the place where the benefits are received shall complete the relevant procedures within 15 working days after receiving the funds transferred by the social insurance agency in the place where the insured person's old job insurance, new rural insurance or urban residence insurance relationship is located, and inform the insured person of the situation in time.