Can I get a pension in Shenzhen when I buy social security at the age of 42?

At the age of 42, you can buy social security in Shenzhen and receive a pension in Shenzhen.

Employees aged 1 and 42 who purchase social security in Shenzhen can receive basic pension after reaching retirement age and the social security payment period reaches 15 years;

2. If the accumulated payment is less than 15 years, you can continue to pay until you meet the requirements, or transfer to the new rural social endowment insurance or urban residents' social endowment insurance to enjoy the pension insurance benefits;

Even if you start to pay social security at the age of 42, you will have the opportunity to receive a pension.

Social security pension conditions:

1. According to national regulations, the retirement age for men is 60, and that for women is 55 or 50. Different occupations have different regulations;

2. The pension must meet the minimum payment period, generally 15 years, and the insufficient part needs to be paid in one lump sum or delayed retirement;

3. The calculation method of pension usually includes personal account amount, payment period, average social wage and other factors, and the specific calculation formula is stipulated by local human and social departments;

4. The pension collection procedure usually includes the steps of applying for retirement, examining qualifications, determining the amount of pension, and going through retirement procedures.

5. To receive a pension across regions, you need to go through the social security transfer and connection procedures to ensure the continuity and integrity of personal social security account information.

To sum up, 42-year-old employees who buy social security in Shenzhen can receive basic pension as long as they have paid 15 years and reached the legal retirement age; If the payment period is insufficient, you can choose to continue to pay or transfer to other social endowment insurance to ensure that you enjoy pension benefits after retirement.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16

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.