Qingdao Social Security 4050 Policy

Eligible Qingdao residents can enjoy preferential policies for social insurance payment reduction and exemption after reaching a certain age.

1, 40 years old and above: People who are over 40 years old but under 50 years old can pay 50% of the monthly payment when they participate in social insurance such as basic old-age insurance for urban workers and basic old-age insurance for urban residents.

2.50 years of age and above: those who are over 50 years of age but under 60 years of age can pay 30% of the payable amount on a monthly basis when they participate in social insurance such as basic old-age insurance for urban workers and basic old-age insurance for urban residents.