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New policy of paying endowment insurance for retired soldiers
Legal basis: People's Republic of China (PRC) Military Insurance Law.
Thirteenth soldiers who have retired from active service participate in the basic old-age insurance, and the state gives subsidies for retired old-age insurance.
Article 16 If an active serviceman participates in the basic old-age insurance for employees after retiring from active service, the financial department of the military logistics (joint logistics) organ will transfer the retired old-age insurance relationship and the corresponding funds to the local social insurance agency, and the local social insurance agency will handle the corresponding transfer and connection procedures.
The service life of military personnel is combined with the payment life of participating in the basic old-age insurance for employees before enlisting and after retiring from active service.
Seventeenth soldiers who participate in the new rural social endowment insurance or urban residents' social endowment insurance after retiring from active service shall go through the transfer and connection procedures in accordance with the relevant provisions of the state.
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