On the purchase of endowment insurance by foreigners in Guangzhou

Legal analysis: those who bought social security in Guangzhou in the middle of 15 years and finally insured in Guangzhou can apply for pension in Guangzhou. 15 If you apply in Guangzhou, you can apply for retirement in Guangzhou. The longer the purchase period, the higher the pension, and the lower the purchase base, the better. The longer the purchase period, the more pensions. Local social security payment bases are linked to local average wage data. It is determined according to the average monthly wage income of employees from June 1 day to February 1 day in the previous year. Once a year, it will not change within one year after confirmation. The time to apply for adjusting the social security base is generally in July. Enterprises generally take the total wages of enterprise employees as the payment base, and individual employees take half of their average monthly salary in the previous year as the salary base for individuals to pay social insurance premiums. In China, the payment base is approved by the social insurance agency according to the employer's declaration.

Legal Basis: Interim Measures of the State Council on Retirement and Resignation of Workers Article 1 Workers in enterprises and institutions owned by the whole people, state organs and people's organizations shall retire if they meet one of the following conditions: (1) Men who have reached the age of 60 and women who have reached the age of 50 have worked continuously for ten years. (2) Those who are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health, and have reached the age of 55 for men and 45 for women, and have worked continuously for ten years. This provision also applies to grassroots cadres whose working conditions are the same as those of workers. (3) The male has reached the age of 50, the female has reached the age of 45, and has worked continuously for ten years, and has been certified by the hospital and confirmed by the labor appraisal committee, and has completely lost the ability to work. (four) work-related disability, proved by the hospital, and confirmed by the labor appraisal committee, completely lost the ability to work.

Article 16 of the Social Insurance Law of People's Republic of China (PRC) * * * Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.