Can foreigners receive pensions in Zhongshan after paying social security retirement?

According to your question, it can be inferred that the social security you pay is actually endowment insurance, because social security includes endowment insurance, and only endowment insurance can receive pension after retirement.

The basic old-age insurance is a basic insurance system in China. According to the different payment groups, endowment insurance can be divided into urban workers' endowment insurance and urban and rural residents' endowment insurance.

The payment of employees' endowment insurance must be made by a work unit in this city, which pays social security for employees. Old-age insurance for urban and rural residents must be insured at the place of residence, and it is applicable to people who have no work unit and are over 16 years old.

To sum up, what you call paying social security in Zhongshan is actually paying urban endowment insurance and having a work unit, otherwise foreigners can't apply for urban and rural residents' endowment insurance in Zhongshan.

So can foreigners pay pension insurance in Zhongshan when they retire? Foreigners who pay endowment insurance in Zhongshan can go through retirement procedures in Zhongshan. Retirement procedures only need to meet certain conditions and regulations. Below I will make a targeted analysis and answer from several aspects:

First, I have been paying Zhongshan old-age insurance before retirement. If you have been working in Zhongshan at the beginning, and have paid pension insurance 15 years continuously, and continue to participate in insurance after retirement, you can apply for pension retirement in Zhongshan at this time and receive Zhongshan pension.

Second, pension insurance is paid in different regions and the payment period of pension insurance reaches 15 years, but only Zhongshan City has paid pension insurance for more than 10 years and paid pension insurance in Zhongshan before retirement. In this case, although the endowment insurance is paid in different places, the payment period is less than 10 year. Because the pension insurance period is cumulative, those who paid the pension insurance in Zhongshan before retirement can go through the retirement formalities in Zhongshan after retirement.

Third, different cities have endowment insurance for more than 18 years, but in the end it happened to be 10 years in Zhongshan. In this case, as long as you have been in Zhongshan 10 for more than 0 years and continue to pay pension insurance in Zhongshan before retirement, you can also go through retirement procedures.

So, how do you calculate your pension? The so-called pension calculation is essentially the calculation of pension benefits, and the calculation formula of pension benefits is:

1, pension = basic pension+personal account pension.

2, personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. The counting month is slightly equal to (average life expectancy-retirement age) X 12, and at present it is 195 for 50 years old, 170 for 55 years old and 139 for 60 years old, which is no longer unified).

3. Basic pension = (average monthly salary of employees in Guangdong Province last year+average monthly payment index salary) ÷2× payment period × 1%= average monthly salary of employees in Guangdong Province last year (1+ average monthly payment index) ÷2× payment period × 1%.

How to calculate the basic pension? For example, I understand:

For example, suppose you are a male employee in Zhongshan who pays endowment insurance and retires at the age of 60 in 2020. Suppose that the average monthly salary of employees in Guangdong Province in 20 19 years is 6500 yuan, the accumulated payment period before retirement is 15, your personal account is 1 00000 yuan, and your average payment index is1. Among them, my average payment = (my first year's payment salary/last year's average salary +…+ 15' s payment salary/14' s average salary) ÷ 15 (actual payment period).

1, basic pension. Then, your basic pension after retirement = (6500+6500×1) ÷ 2×15×1%= 975 yuan.

2. Personal account pension. Your personal account pension after retirement = 100000 yuan/139 =100000÷139 = 719.42 yuan.

3. receive a pension. According to the above two items, your monthly basic pension is 975 yuan +7 19.42 yuan = 1694.42 yuan.

To sum up, you can get 1694.42 yuan from Zhongshan Social Security Fund every month, that is,1694.42×12 = 20333.1yuan, which is about 20,000 yuan a year.

As long as foreigners pay the pension insurance of 15 or above before retirement and pay the pension insurance in Zhongshan, they can apply for retirement fees in Zhongshan, and the pension is not low.