1.There are 2 conditions that need to be met at the same time to receive a pension:
1) Need to pay for 15 years;
2) You can only receive it when you reach retirement age.
2.Do I have to continue to pay the pension after 15 years?
For example, if Xiao Zhang goes to work at the age of 25 and starts to pay, you will have been 15 years old by the age of 40, and if Xiao Zhang is still working and has not reached retirement age, you need to continue to pay pensions.
3.How pensions are calculated.
The actual pension received every month = monthly basic pension + monthly personal account pension.
The formula for calculating the monthly basic pension is:
The average monthly salary of all employees in the province in the previous year + the average monthly indexed salary of the employee) 2 The payment period is 1%.
The formula for calculating the personal account pension is:
The balance of the personal account is calculated and the number of months is calculated (the exact number of months depends on the age.)
195 months at age 50, 170 months at age 55, and 139 months at age 60).
4.Place of ownership of pension insurance.
The rules to be followed are: the principle of household registration first, from the longest, that is, priority in the place of household registration, if not in the place of household registration, then choose to receive in the area with a long period of social security contributions.
The basic endowment insurance relationship is in the place of household registration: the place of household registration is responsible for handling the procedures for receiving benefits and enjoying the basic endowment insurance benefits.
The basic pension insurance relationship is not in the place of household registration:
If the cumulative payment period in the place where the basic pension insurance relationship is located is more than 10 years, the person shall go through the procedures for receiving benefits in that place and enjoy the local basic pension insurance benefits.
If the cumulative payment period is less than 10 years in the place where the basic pension insurance relationship is located, the basic pension insurance relationship shall be transferred back to the original place where the previous payment period has been 10 years or more to go through the procedures for receiving benefits and enjoy the basic pension insurance benefits.
If the cumulative payment period in each insured place is less than 10 years, the basic endowment insurance relationship and the corresponding funds shall be collected at the place of household registration, and the place of household registration shall go through the procedures for receiving benefits according to the regulations and enjoy the basic endowment insurance benefits.