What happens when social security is handed over to retirement?

Legal analysis: There are two situations when social security is paid to retirement age. First, social security is paid normally, and those who have paid the insurance premium 15 years or more can retire directly and enjoy pension benefits when they reach retirement age. The specific retirement procedures are as follows: if you have a work unit. Retirement procedures shall be handled by the work unit. There is no work unit at present. Go to the local community department for consultation and formalities. Bring your ID card and social security card. If you are a local permanent resident, bring your household registration book to the social security service center of the insured area for retirement. The staff will guide you through all the formalities.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). 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.