Endowment insurance has been paid for 10 years.

Employees who have paid social security for 15 years can receive a monthly pension when they reach retirement age, and employees who have paid for 10 years can receive a monthly pension after continuing to pay for 5 years. How much pension you can receive mainly depends on the length of individual payment period, individual payment base and the average wage of local society. Pension = basic pension+personal account pension = personal account storage amount ÷ months (the number of months is determined according to the retirement age and the average life expectancy of the population at that time. Calculated months are slightly equal to (average life expectancy-retirement age) X 12. At present, 50 years old is 195, 55 years old is 170, and 60 years old is 139. No longer unified is 120) basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%= last year's average monthly salary of employees in the province (1+ my average monthly payment index). ÷2× payment period × 1% formula: my indexed monthly average payment salary = last year's average monthly salary of employees in the whole province × my average payment index. As can be seen from the above formula, under the same payment period, the basic pension depends on the individual's average payment index, that is, the historical average of the ratio of his actual payment base to the average social wage. The lower limit is 0.6 and the upper limit is 3. Therefore, in the two kinds of calculation of pension, the higher the payment base and the longer the payment period, the higher the pension. Pensions are fixed indefinitely. As long as the recipient is alive, he can enjoy a monthly pension. Even if the personal account pension has been used up, he will continue to pay the basic pension according to the original standard. Moreover, personal pension will increase year by year with the increase of the average monthly salary of employees in society. Therefore, the longer you live, the more you can get, which is definitely more cost-effective than paying. Article 10 of the Social Insurance Law, employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council. Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies. Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively. 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.

Legal objectivity:

Endowment insurance is an important part of social security system and one of the five most important social insurances. The so-called endowment insurance (or endowment insurance system) is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Can I retire after paying old-age insurance 15 years? The answer is no, no, from the day you join the work, you must participate in the old-age insurance and pay for it continuously. During this period, you can choose not to pay fees only during the period of further education, enlistment, sentencing and reeducation through labor, and during the period of receiving unemployment benefits. In addition, you should continue to pay the fees to the statutory retirement age according to the regulations. Knowledge extension: 1. Statutory retirement age: Statutory retirement age refers to the Interim Measures of the State Council on Resettlement of Old, Weak, Sick and Disabled Cadres and the Interim Measures of the State Council on Retirement and Resignation of Workers (Guo Fa [1978] No.65438), which is the fundamental guarantee for safeguarding the legitimate rights and interests of employees. Notice of the General Office of the State Council on Further Improving the Basic Living Security for Laid-off Workers of State-owned Enterprises and the Pension Payment for Enterprise Retirees. The State Council issued1on March 9, 1999, the Ministry of Labor and Social Security issued the Notice on Stopping and Correcting Issues Related to Handling Early Retirement of Enterprise Employees in Violation of State Regulations (No.8 issued by the Ministry of Labor and Social Security [1999]), pointing out that the legal retirement age of enterprise employees is 60 years old for men, 50 years old for women employees and 55 years old for women cadres. Engaged in underground, high temperature, high altitude, especially heavy manual labor or other jobs harmful to health, the retirement age is 55 years old for men and 45 years old for women, disabled by illness or non-work-related injuries, and completely incapacitated by the hospital appraisal and confirmed by the labor appraisal committee, the retirement age is 50 years old for men and 45 years old for women. 2. Understand the basic old-age insurance: The basic old-age insurance, also known as the national basic old-age insurance, is a compulsory old-age insurance system established to protect the basic needs of retirees according to the unified national policy. In China, before 1990s, employees in enterprises implemented a single pension insurance system. 199 1 "the State Council's decision on the reform of the old-age insurance system for enterprise employees" clearly stated: "With the development of economy, a system combining basic old-age insurance with enterprise supplementary old-age insurance and employee personal savings old-age insurance will be gradually established". Since then, China has gradually established a multi-level pension insurance system. In this multi-level old-age insurance system, the basic old-age insurance is the first and highest level. Hu Xiaoyi, Vice Minister of Ministry of Human Resources and Social Security, said at the National Social Security Work Conference held on February 27th, 20 13 that the number of urban and rural residents participating in endowment insurance has reached 484 million. The basic old-age insurance system combining social pooling with individual accounts is a new basic old-age insurance system initiated by China in the world. This system adopts the traditional basic endowment insurance fund raising mode, that is, it is shared by the state, units and individuals; The basic old-age insurance fund implements social mutual aid; In the calculation and payment of basic pension, the structural calculation and payment method is adopted, emphasizing the incentive factors and labor contribution differences of personal account pension. Therefore, the system not only absorbs the advantages of the traditional pension insurance system, but also draws lessons from the advantages of the personal account model; It not only embodies the characteristics of social mutual assistance, risk dispersion and strong security in the traditional sense, but also emphasizes the self-protection consciousness and incentive mechanism of employees. This concept mainly includes the following three meanings: 1 Old-age insurance will take effect automatically after the elderly within the legal scope completely or basically withdraw from social labor life. The "complete" here is characterized by the separation of workers from the means of production; The so-called "basic" means that participation in production activities has not become the main content of social life. It should be emphasized that the legal age limit (different countries have different standards) is a practical measure. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life. Endowment insurance is based on social insurance to achieve the purpose of protection. Old-age insurance is a social security system widely implemented in all countries of the world. 3. Pension insurance enterprise treatment: 1. Payment period: If the insured person meets one of the following conditions, he can apply for a monthly basic pension: (1)1July, 9981After joining the basic old-age insurance, he will reach the retirement age stipulated by the state, and the accumulated payment period (including deemed payment period, the same below) will reach 65,438. (2) Take part in the basic old-age insurance before June 30, 1998, reach the retirement age stipulated by the state before June 30, 20 13, and the accumulated payment period reaches 10 years; (3) Participate in the basic old-age insurance before June 30th, 20198, reach the retirement age stipulated by the state after July 30th, 20 13, and the accumulated payment period reaches15; (4)/kloc-0 did not participate in the basic old-age insurance before June 30, 1998, but went through the supplementary procedures after July 1,1July 1998, reaching the retirement age stipulated by the state, and the accumulated payment period reached 15. 2. Monthly payment: basic pension = the average monthly salary of employees in the whole province in the previous year (1+ my average payment index) ÷2× payment period × 1% personal account pension = personal account storage ÷ the sum of the above two items A+B is the monthly payment. 3. The basic pension is adjusted in July every year according to the unified plan announced by the whole province. The basic old-age insurance system combining social pooling with individual accounts is a new basic old-age insurance system initiated by China in the world. This system adopts the traditional basic endowment insurance fund raising mode, that is, it is shared by the state, units and individuals; The basic old-age insurance fund implements social mutual aid; In the calculation and payment of basic pension, the structural calculation and payment method is adopted, emphasizing the incentive factors and labor contribution differences of personal account pension. Therefore, the system not only absorbs the advantages of the traditional pension insurance system, but also draws lessons from the advantages of the personal account model; It not only embodies the characteristics of social mutual assistance, risk dispersion and strong security in the traditional sense, but also emphasizes the self-protection consciousness and incentive mechanism of employees. This concept mainly includes the following three meanings: 1 Old-age insurance will take effect automatically after the elderly within the legal scope completely or basically withdraw from social labor life. The "complete" here is characterized by the separation of workers from the means of production; The so-called "basic" means that participation in production activities has not become the main content of social life. It should be emphasized that the legal age limit (different countries have different standards) is a practical measure. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life. Endowment insurance is based on social insurance to achieve the purpose of protection. Old-age insurance is a social security system widely implemented in all countries of the world. 3. Pension insurance enterprise treatment: 1. Payment period: If the insured person meets one of the following conditions, he can apply for a monthly basic pension: (1)1July, 9981After joining the basic old-age insurance, he will reach the retirement age stipulated by the state, and the accumulated payment period (including deemed payment period, the same below) will reach 65,438. (2) Take part in the basic old-age insurance before June 30, 1998, reach the retirement age stipulated by the state before June 30, 20 13, and the accumulated payment period reaches 10 years; (3) Participate in the basic old-age insurance before June 30th, 20198, reach the retirement age stipulated by the state after July 30th, 20 13, and the accumulated payment period reaches15; (4)/kloc-0 did not participate in the basic old-age insurance before June 30, 1998, but went through the supplementary procedures after July 1,1July 1998, reaching the retirement age stipulated by the state, and the accumulated payment period reached 15. 2. Monthly payment: basic pension = the average monthly salary of employees in the whole province in the previous year (1+ my average payment index) ÷2× payment period × 1% personal account pension = personal account storage ÷ the sum of the above two items A+B is the monthly payment. 3. The basic pension is adjusted in July every year according to the unified plan announced by the whole province.