Basic endowment insurance for urban and rural residents in Xiangxi area

Retire in Xiangxi and receive a basic pension.

Workers who retire there have nothing to do with their household registration. Employees who participate in the basic old-age insurance shall retire according to the place where they participate in the basic old-age insurance and receive the basic pension. Workers working in Xiangxi should be insured in Xiangxi. When they reach the legal retirement age, they should retire in detail and receive a basic pension.

Social insurance law

Tenth employees should participate in the basic old-age insurance, the basic old-age insurance premiums paid by the employer and employees.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for fifteen years.

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.

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