How to get a pension when a foreign hukou pays social security in Shanghai?

As one of the best international metropolises in China, Shanghai has been attracting countless people from all over the country to leave their hometown and pursue their dreams here. Apart from the prosperity and charm of this city, as we all know, the pension of developed cities is much higher than that of small cities in the third and fourth tier, and the pension standard of a city is directly proportional to the economic development level of the city. As a first-tier city in China, Shanghai ranks among the best in average wages and social security, and its pension standard is naturally slightly higher than other cities. Just this year, Shanghai launched the latest pension increase plan.

So, here's the problem. How do foreigners pay social security when they work in Shanghai?

This involves the policy on retired cities. Generally speaking, China's retirement cities are mainly based on household registration and follow the principle of "from long to late".

"In the long run" means that you will enjoy retirement benefits in which city you have paid social security for a long time (generally more than ten years); "Conghou" means that if you don't have a local hukou, but you really work in the local area when you retire, and you have paid social security in the local area for more than ten years, you can enjoy the local retirement benefits. Household registration priority means that in any city, without paying social security for ten years, you can enjoy retirement benefits at the place where you live. Simply put, if you don't have a local hukou, you only need to pay social security in the local area for more than ten years, work in the local area when you retire, and you can receive retirement insurance money in the local area after retirement.

Take Shanghai as an example. The legal retirement age in Shanghai is 60 for men and 50 for women. If you want to enjoy retirement benefits in Shanghai and receive a pension according to Shanghai standards, you need to meet the following conditions:

1) The accumulated social security contributions have reached 15 years.

2) Social security must be paid cumulatively in Shanghai in the last 10 year before retirement.

3) You need to start paying Shanghai social security before the age of 40.

Those who meet the above three conditions at the same time can retire in Shanghai and enjoy the retirement wage standard in Shanghai. If you are lucky enough to meet the above three conditions, then you need to pay attention to the following points:

1, the insured place needs to be transferred.

Foreigners need to transfer their insured places to Shanghai before they can go through retirement procedures.

2, can extend the payment period or improve the payment grade.

Those who have paid social security 10 years in Shanghai can continue to pay. After all, social security follows the principle of "long payment for more, long payment for more". If you want to receive a higher pension after retirement, you can extend the payment period. At the same time, on the basis of conditions, we can also increase the level of social security payment, thus increasing the amount of pension.

3. Timely pension certification.

In order to prevent fraudulent use and pension collection, fingerprint or facial authentication is required for pensioners every year, and pensions are paid every month after successful authentication. With the progress of scientific and technological means, considering the mobility inconvenience of retired people, it is no longer necessary to personally go to the site for certification, and convenient online certification can be easily realized at home.

If you are also a foreigner working in Shanghai, or working in other cities that are not registered, I hope the above contents can help you. If there are other unclear places about social security and endowment insurance, you can also search Baidu for "Baibaojun". "Baibaojun" has a professional insurance consultant team, which can answer any questions about insurance knowledge and help you better understand insurance and choose the right insurance.