Old-age insurance over 65 years old

Conditions for receiving old-age insurance:

1. Young people who have paid insurance premiums are over 60 years old, and the payment period is 15 years or more, and they will receive basic pensions on a monthly basis from the month after they reach 60 years old.

2. Middle-aged people who pay insurance premiums will receive a basic pension on a monthly basis from the second month after reaching the age of 60. The terms of payment are as follows:

(1) Middle-aged people have been participating in the insurance payment continuously since the pilot year. If the payment period is less than 15 when they reach the age of 60, I can choose to supplement it to15 at one time; If you don't choose to make up to 15, the personal account pension will be calculated according to the actual storage amount of the personal account.

(2) Middle-aged people who are not insured in the pilot year or who are interrupted after the insurance payment in the pilot year are not allowed to make up at one time when they reach the age of 60 until 15, and the personal account pension can only be calculated according to the actual storage amount of the personal account.

Endowment insurance collection process:

1. Submit the above materials to the issuing department of the unit where the individual works;

2. The issuing department checks whether the materials are qualified, and will notify them to resubmit if they are unqualified;

3 materials qualified, complete the audit within 20 working days;

4. Next month, transfer the balance in the personal account of endowment insurance to the social security IC financial card or designated account.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.