How many years can I get a pension?

Social security must buy 15 years before retirement. Social security adopts the cumulative system, and the insured needs to pay 15 years from the time of purchase, and can enjoy the pension only after reaching retirement age. Social insurance includes endowment insurance, industrial injury insurance, maternity insurance, unemployment insurance and medical insurance, and has a relatively complete system. Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

What is the pension standard?

1. Urban and rural residents who have reached the age of 60 at the time of the implementation of this policy and have not enjoyed the retirement and related provisions can receive basic pensions on a monthly basis without paying fees;

2. If the implementation time of this policy is less than 15, the old-age insurance premium shall be paid annually;

3. If the implementation date of this policy exceeds 15 years, the cumulative payment period shall not be less than 15 years.

To sum up, you can receive individual contributions at least 15 years after reaching retirement age. To receive a monthly pension, employees must reach the statutory retirement age and have gone through retirement procedures; The units and individuals where they work have participated in and fulfilled the obligation to pay endowment insurance according to law.

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.

Article 17

If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Article 18

The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.

Article 19

If an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred with him, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.