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What is the age limit for women to buy social security?
To receive a monthly pension, employees must reach the statutory retirement age and have gone through retirement procedures. The units and individuals where they work have participated in the old-age insurance according to law and fulfilled their obligation to pay for the old-age insurance. Personal payment must be at least 15 years. The legal retirement age of enterprise employees in China is 60 for male employees. Female cadres engaged in management and scientific research are 55 years old and female employees are 50 years old. Basic pension consists of basic pension and personal account pension. If the employee reaches the statutory retirement age and the individual contribution has reached 15 years, the monthly standard of basic pension is 20% of the average salary of employees in the previous year in provinces, autonomous regions, municipalities directly under the central government or cities with separate plans. Personal account pension is paid by personal account fund, and the monthly payment standard is divided by 120 according to the amount stored in my account. After the individual account fund is used up, it will be paid by the social pooling fund.
legal ground
Article 10 of the Social Insurance Law of People's Republic of China (PRC), 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.
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