Lanzhou social security payment policy

Lanzhou social security payment policies are as follows:

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance can pay less than fifteen years when they reach the statutory retirement age. Under normal circumstances, social security can be paid back in 24 months. Social security can be paid back for up to two years, which means that the budget from the month of payment is calculated according to the time period of payment, not the cumulative month.

Social security payment process:

1. If the payment is made as an employee of the unit, the unit shall submit a written application and go through the payment formalities at the social insurance agency where the unit is insured;

2. If the payment is made in an individual capacity, the social insurance agency where the household registration is located shall handle the payment formalities according to the principle of territoriality;

3, the municipal human resources and social security departments should review this for the record.

To sum up, 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 15 years.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach 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.