How many years will social security be paid?

Pension insurance must be paid for 15 years (including deemed payment) and reach retirement age (60 years for male employees, 50 years for female employees and 55 years for female cadres) before they can enjoy pension benefits.

1, the main factors affecting the pension level are:

The average salary of local society in the last year of retirement, the level of payment base, the length of payment period, etc. The higher the payment base, the longer the service life, and the more pensions you receive when you retire.

2. Pension conditions:

Reach the statutory retirement age; Accumulated payment of endowment insurance premium has reached 15 years. Among them, the legal retirement age of enterprise employees in China is: men over 60 years old, women over 50 years old and women cadres over 55 years old; According to special jobs, the retirement age is 55 for men and 45 for women; Disabled due to illness or non-work-related, the retirement age is 55 years old for men and 45 years old for women, which is certified by the hospital and confirmed by the labor appraisal committee.

3. Pensioners usually have two forms:

In terms of basic pension, if the accumulated endowment insurance has reached 15, the basic pension will be paid monthly after retirement. For personal account pension, after reaching the legal retirement age, if retirees have no basic pension, the amount stored in personal account will be paid in one lump sum; If retirees pay the basic pension at the same time, this part will be incorporated into the basic pension and paid monthly.

Monthly pension after retirement = basic pension+personal account pension, that is, retirement pension = (local average monthly salary of employees in the previous year+my average monthly payment salary) /2* payment period * 1%+ personal account storage balance/number of months.