Pension, also known as pension and retirement fee, is one of the most important social endowment insurance benefits. How much is the pension over 50? How many more years? Come and have a look.
1. Individuals participating in the basic endowment insurance who have paid for 15 years in total when they reach the legal retirement age shall receive the basic pension on a monthly basis.
2. Individuals participating in the basic endowment insurance who have paid less than 15 years in total when they reach the legal retirement age may pay up to 15 years and receive the basic pension on a monthly basis;
3. It can also be transferred into the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the corresponding endowment insurance treatment in accordance with the provisions of the State Council.
Extended data:
Basic function
Endowment insurance is based on the living security of the elderly as an indicator. It establishes an insurance fund by means of redistribution or savings to pay for the living expenses of the elderly. Its implementation has the following functions:
To ensure labor reproduction
Through the establishment of the endowment insurance system, it is conducive to the normal intergenerational replacement of the labor group, the retirement of the elderly, the smooth employment of the new growing labor force, and the rationalization of the employment structure.
Conducive to social security and stability
Endowment insurance provides the basic life security for the elderly, and makes the elderly have security. With the arrival of the aging population, the proportion of the elderly population is increasing, and the number of people is also increasing. Pension insurance ensures the basic life of the elderly workers, which is equal to the basic life of a considerable part of the society.
For on-the-job workers, to participate in endowment insurance means that they have expectations for their future life in old age and avoid worries. From the perspective of social psychology, people are more stable and less impetuous, which is conducive to social stability.
Conducive to economic development
Most countries design endowment insurance systems to link fairness and efficiency, especially the pension raising mode of partial accumulation and full accumulation. There is a direct relationship between the amount of pension after retirement and the wage income and payment during the period of working, which can undoubtedly produce a kind of active labor and improve efficiency.