After paying social security in the same place for ten years in a row, you can receive old-age insurance in that place after retirement.

You can get a local pension after paying 10 years of social security in the same place.

endowment insurance

Endowment insurance is a social insurance system established by the state in accordance with relevant laws and regulations to ensure that workers reach the working age limit stipulated by the state, terminate their labor obligations or retire from their jobs because of old age. The purpose is to ensure the basic needs of the elderly through social insurance and provide them with a stable and reliable source of life.

Personal recommendation

For the payment period of social security, you must ensure that you can apply for local retirement benefits after ten years of continuous payment. Therefore, the pension must not be paid off. Once the payment is cut off for too long, it is likely to affect the normal pension collection. The base of social security contributions is inseparable from the collection of pensions. The higher the social security payment base, the better the pension benefits. Therefore, you must strive to improve the social security payment base in your life, so that you can have a better life.

cardinal number

The so-called payment base of social insurance refers to the wage base used by enterprises or employees to calculate and pay social insurance premiums. This base multiplied by the prescribed rate is the amount of social insurance premiums that enterprises or individuals should pay. Enterprises generally take the total wages of their employees as the payment base, and the average monthly salary of employees in the previous year is the salary base for individuals to pay social insurance premiums. In China, the payment base is approved by the social insurance agency according to the employer's declaration.

Generally speaking, if the wages paid by employees are higher than 300% of the average social wage in the previous year in the provinces and cities where they are located, 300% of the average social wage in the previous year will be used as the payment base; If the wages paid by employees are lower than 40% of the average social wage in the last year in the province where the wages are located, 40% of the average social wage in the last year in the province where the wages are located shall be used as the payment base. (The calculation ratio of the highest and lowest payment bases in each city may be different, and the calculation ratio and base published by the Municipal Human Resources and Social Security Bureau shall prevail. )