How many years can social security pension be received?

After paying social security 15 and reaching the legal retirement age, you can receive a pension.

According to the Social Insurance Law of People's Republic of China (PRC), individuals who participate in the basic old-age insurance need to pay accumulated contributions for 15 years when they reach the statutory retirement age, go through retirement procedures and receive the basic pension on a monthly basis.

The legal retirement age in China is 55 for women and 60 for men, and social security pensions are collected according to these two age groups. In contrast, the collection time of commercial endowment insurance is much more flexible, providing a variety of choices of collection time, which can be changed before the collection begins. The starting time of annuity collection is usually concentrated in the four age groups of the insured, namely, 50 years old, 55 years old, 60 years old and 65 years old, and some are earlier or later.