Beijing retired outsiders have subsidies

There are subsidies for foreigners retiring in Beijing.

When foreigners retire in Beijing, they can enjoy the corresponding pension benefits. According to the national law, as long as the participant reaches the legal retirement age and has accumulated fifteen years of contributions, he or she can receive the pension even if he or she has not retired in the place of household registration. In addition, if the retiree holds a disability certificate, he or she may also receive other subsidies in accordance with the relevant policies of the local government. Elderly persons living alone who are unable to work, have no source of livelihood, and have no breadwinner or supporter, or whose breadwinner or supporter is genuinely incapable of supporting them, are also provided with sustenance or assistance by the local government in accordance with regulations. The amount of the specific subsidy is determined by local policy, and the standard varies from place to place.

Social security subsidy policy:

1, the basic pension: calculated according to the proportion of the state and the number of years of personal contributions;

2, personal account pension: calculated according to the cumulative amount of personal account contributions and the expected number of years to receive;

3, transitional pensions: for the specific age of retirees, in accordance with the policy provisions;

4. Supplementary enterprise pension: determined by enterprises according to their own situation and employee consultation, non-compulsory nature;

5. Local subsidies: some regions give certain subsidies to retirees according to the level of local economic development and financial situation;

6. Price subsidies: in the face of rising prices, the government may give retirees a certain amount of price subsidies to alleviate the pressure of living

7.

In summary, foreigners retiring in Beijing can enjoy the corresponding pension benefits and receive other subsidies according to the relevant policies of the local government. In addition, elderly people living alone who are incapable of working, have no source of livelihood, and have no ability to support themselves can also receive support or assistance from the local government. The amount of specific subsidies is determined by local policies, and standards vary from place to place.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 16

Individuals who have participated in basic old-age pension insurance and who have made contributions for a cumulative total of fifteen years by the time they have reached the legal retirement age shall receive a basic pension on a monthly basis. Individuals who have participated in basic pension insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach the full fifteenth year and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social pension insurance or the urban residents' social pension insurance, and shall enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.