How to buy old-age insurance when you are old?

According to the current regulations, you can start to receive a monthly pension when you reach the legal retirement age and have paid 15 years. The legal retirement age is related to the type, gender and identity of the parties. 1, employee pension insurance: 60 years old for men, 55 years old for female cadres and 50 years old for female employees; 2. Endowment insurance for flexible employees: 60 years old for men and 55 years old for women; 3. Endowment insurance for urban and rural residents: both men and women are 60 years old. Article 3 of the Detailed Rules for the Implementation of the Social Insurance Law of People's Republic of China (PRC), if an individual who participates in the basic old-age insurance for employees reaches the statutory retirement age and the accumulated payment is less than 15 years (including the extension of payment in accordance with the provisions of Article 2), he can apply for the new rural social endowment insurance or urban residents' social endowment insurance where he is registered, and enjoy the corresponding old-age insurance benefits. Individuals who participate in the basic old-age insurance for employees reach the statutory retirement age, and the accumulated payment is less than fifteen years (including the extension of payment in accordance with the provisions of Article 2), and have not been transferred to the new rural social endowment insurance or urban residents' social endowment insurance, individuals can apply in writing to terminate the basic old-age insurance relationship for employees. After receiving the application, the social insurance agency shall inform it in writing of its right to transfer to the new rural social endowment insurance or urban residents' social endowment insurance and the consequences of terminating the basic endowment insurance relationship for employees. After my written confirmation, I will terminate the employee's basic old-age insurance relationship and pay me the amount stored in my personal account in one lump sum.

Legal objectivity:

Endowment insurance is an important part of social security system and one of the five most important social insurances. The so-called endowment insurance (or endowment insurance system) is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. (1) Procedures for handling endowment insurance in enterprises 1. Enterprises that apply for social insurance registration and participate in endowment insurance for the first time need to go through the registration formalities with the endowment insurance department with their business licenses, approval documents or other practice certificates, unified code certificates of organizations, recent salary payment forms for employees, a copy of the ID card of the legal representative of the unit, and the filing certificate of the filing institution. Within 30 days from the date of handling social insurance registration, the new insured unit shall go through the social insurance payment registration formalities at Qiaodong District Local Taxation Bureau with a copy of Shijiazhuang Social Insurance Registration Form and Social Insurance Registration Certificate and related documents, and open a payment account at Changzheng Street Sub-branch of commercial bank. 2. Procedures for enterprises to declare old-age insurance Enterprises need to declare old-age insurance on a monthly basis and go through the formalities with the old-age insurance department according to the following requirements. (1) If there is any increase or decrease in employees, you need to fill in the Establishment Form, Recovery Form and Interruption Form, and bring the Employee Pension Insurance Manual, Transfer Form and other related materials; (2) When the employee payment work changes, the employee payment payroll should be filled in; (3) The enterprise fills in the monthly declaration form, which is audited and sealed by the salesman, and the enterprise pays the fee to the Qiaodong District Local Taxation Bureau with the declaration form. 3. Examination and approval procedures for enterprise retirement benefits Employees who reach the statutory retirement age can go through retirement procedures. The enterprise carries the files of the persons to be retired, the handbook of endowment insurance (the retired workers themselves sign the handbook of endowment insurance year by year) and a copy of their ID cards, and receives the retirement approval form after confirmation and examination by the District Labor Bureau, and then goes through the examination and approval procedures at the Pension Insurance Section of the District Social Security Bureau. (two) the individual pension insurance procedures need to hold the filing certificate issued by the filing institution and the employee pension insurance manual. For the first time, the insured person shall go through the payment formalities at the old-age insurance department with his/her identity certificate, and submit the Notice of Individual Payment for Basic Old-age Insurance issued by the old-age insurance department in duplicate. After the payment personnel check the items correctly, they will pay the fees at Qiaodong District Local Taxation Bureau. After paying the fee, go to the endowment insurance office of the social security bureau to register and pay the fee with the "tax return" and "notice of payment" issued by the local taxation bureau. The tax return shall be properly kept by the taxpayer. (3) Procedures for handling endowment insurance in government agencies and institutions 1. Institutions and institutions newly participating in endowment insurance need to bring their organization code certificate, institution legal person certificate and file payroll to the departments of institutions and institutions for handling; 2. When employees increase or decrease, they need to carry the Administrative Letter of Introduction for Employee Transfer, Employee Increase or Decrease Plan Card and Employee Pension Insurance Manual issued by the personnel department to handle the pension insurance relationship connection procedures. 3. Go through the examination and approval procedures for the treatment of retirees in government agencies and institutions, and the insured units need to carry the retirees' files, pension insurance manuals and copies of retirees' ID cards to the government agencies and institutions. Calculation method of payment amount for purchasing old-age insurance (1) Enterprise payment amount = approved total wages of enterprise employees × 20%; Individual contributions of employees = approved payment base ×8% (currently 8%). (two) individual workers (including individual industrial and commercial households and freelancers) payment amount = approved payment base x18%. For example, in April 2003, Hebei Province announced that the average social wage of the whole province in 2002 was 747 yuan per month, so the payment base can be selected between 747-224 1 yuan (that is, the average social wage of the whole province of 747 yuan per month is 100%-300%). The minimum annual payment is 747×18 %×12 =1613.5 yuan, and the maximum is 2241×18 %×12. The proportion of basic old-age insurance contributions can be divided into two categories: enterprises and individual employees: (1) All kinds of enterprises pay 20% of the total wages of employees, while employees pay 7% of the individual contribution base (7% in 2003, one percentage point higher in two years, and finally 8%). The part paid by individual employees shall be withheld and remitted by the enterprise. (2) Self-employed workers, including self-employed industrial and commercial households and freelancers, shall pay 18%, which shall be borne by themselves. Determination of the payment base of endowment insurance The approved payment base is based on the average social wage of employees in Hebei Province last year (referred to as the provincial social wage). (a) the wage income of enterprise employees is lower than 60% of the province's social wages, and the payment base is approved by 60%; If it is higher than 60% of the provincial social wage, the payment base shall be approved according to the actual wage income, but it shall not be higher than 300% of the provincial social wage. (two) individual workers can independently determine the payment base within the scope of more than 300% of the province's social wages.