How many years can an individual retire after paying social security?

According to the current regulations, the legal retirement age of self-employed industrial and commercial households and flexible employees is 60 years old for men and 55 years old for women. When you reach the legal retirement age and the accumulated contributions reach 15, you can start to receive a monthly pension. However, in March of 20 15, Minister Yin Weimin of Ministry of Human Resources and Social Security introduced that the delayed retirement policy was planned to be announced in 20 17, and it is expected that the delayed retirement policy will be implemented in 2022 five years after the announcement. How to delay it then is still unknown.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.