How many years can I get a pension after paying the old-age insurance?

Pension payment 15 years can get a pension.

Endowment insurance must be paid cumulatively 15 years. The retirement age is 60 for male employees, 50 for female employees and 55 for female cadres, and they can enjoy pension benefits. There are different levels of fees, you can choose. Every year after 15, the proportion of retirement pension will increase. After participating in the basic old-age insurance, if the payment is interrupted, the personal account pension will first stagnate, and the payment period of the interruption time cannot be added to the combined payment period.

If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund. The 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.

The characteristics of endowment insurance are as follows:

1, mandatory by national legislation, all enterprises, units and individuals must participate, and those who meet the conditions for receiving pensions can receive pensions from the social insurance department;

2. The source of endowment insurance expenses is generally shared by the state, units and individuals, or shared by units and individuals to achieve extensive social mutual assistance;

3. Endowment insurance is social, with great influence, large number of people enjoying it for a long time and huge cost. Therefore, it is necessary to set up specialized agencies to implement unified planning and management of modernization, specialization and socialization.

To sum up, enterprise annuity belongs to the incentive system, and endowment insurance belongs to the social security system.

Legal basis:

Article 10 of People's Republic of China (PRC) 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.