Foreign workers to pay Shanghai social security, how to enjoy the pension insurance treatment

How to enjoy the pension insurance treatment after paying Shanghai social security for foreign workers

Answer: After participating in the social insurance for urban workers in Shanghai, the 8% pension insurance premiums paid by foreign workers are all credited to their personal accounts. The transfer and continuity of the basic pension insurance relationship of foreign workers shall be carried out in accordance with the relevant provisions of the state and the city.

Foreign workers in the city to participate in the insurance and then move to foreign provinces and cities for employment, in the transfer of the integrated fund (unit contributions), uniformly according to the actual annual contributions of their own wages as the basis for the transfer of 12% of the sum; in the transfer of individual account reserves, before January 1, 1998, according to the accumulated principal and interest on the part of the individual contributions to the transfer of the period between January 1, 1998 to December 31, 2005, according to the individual contributions to the part of the accumulated principal and interest on the transfer of the period between January 1, 1998 to December 31, 2005, according to the individual contributions to the basic pension insurance relationship, all of which are credited to the individual account. For the period from January 1, 1998 to December 31, 2005, the entire amount of storage (including principal and interest) credited to the individual account shall be transferred according to 11% of the individual's contributory wage base, and for the period after January 1, 2006, the amount of storage credited to the individual account shall be transferred according to 8% of the individual's contributory wage base.

Foreign workers who have reached the legal retirement age, the place of retirement benefits determined in Shanghai, in accordance with the provisions of the "Shanghai Municipal People's Government on the city of urban enterprise workers basic pension calculation method of several issues to deal with the notice" (Shanghai Municipal Government issued 〔2011〕 No. 15) of the old-age pension benefits.