I paid 10 years of social security in Shanghai. Can I retire in Shanghai after going back to my hometown for another 5 years?

Legal analysis: If you choose to retire from Shanghai, the social security of your hometown needs to be transferred to Shanghai, and the treatment must be Shanghai standard. Where the retirement procedures are, the pension will be received according to the standard, but when calculating the pension, the difference in the payment base of endowment insurance in different payment areas will be considered.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Fifteenth basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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.