Nanfeng social security

/kloc-Freelancers who stop paying pension insurance after 0/5 years can enjoy pension benefits after retirement.

According to Article 15 of the Social Insurance Law of People's Republic of China (PRC), the 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.

Extended data:

Notice of Henan Province on Relevant Issues Concerning Flexible Employment Personnel Participating in Basic Old-age Insurance for Enterprise Employees Article 3 Continuation of Basic Old-age Insurance Relationship

(a) the insured who has participated in the basic old-age insurance for enterprise employees before joining the insurance as a flexible employee can continue to pay in the original insured place, or continue the basic old-age insurance relationship according to the regulations after paying in the flexible employment place or the county (city, district) where the household registration is located.

(II) Urban and rural residents in our province who have participated in the basic old-age insurance for urban and rural residents, after participating in the basic old-age insurance for enterprise employees, the relationship between urban and rural residents' old-age insurance shall be sealed by the social insurance agency of the original insured place, and when the insured person reaches the statutory retirement age of the basic old-age insurance for enterprise employees, it shall be handled in accordance with the relevant provisions on the convergence of urban and rural old-age insurance systems.

Baidu Encyclopedia-People's Republic of China (PRC) Social Insurance Law