Hebei's Basic Old-Age Insurance For Workers Can Be Extended For Less Than 15 Years.

As of the end of May this year, there were 10 million 335 thousand insured employees in Hebei Province, including 7 million 395 thousand employees and 2 million 940 thousand retirees.

Such a large group should regulate its insurance payment and treatment enjoyment. The Hebei Provincial People's government recently issued the "opinions on improving the basic old-age insurance policy for workers and staff members".

The opinion points out that the rural residents (migrant workers) who are employed by the employing units pay the basic old-age insurance premium according to the basic old-age insurance payment method of the employees.

Those who take part in the basic old-age insurance for employees must receive pensions, not only to reach the statutory retirement age, but also to accumulate the payment period (including the years of payment), which should not be less than 15 years.

The normal retirement age for Hebei is 60 years of age, 55 full years for female cadres and 50 years old for female workers.

In the former public owned enterprises and public institutions, the total number of insurance employees who had been insured for 10 years (the actual payment period was over 5 years), and then the female employees who were insured by flexible employment personnel, could choose the age of 50 to 55 years old to enjoy the basic old-age insurance benefits.

When the insured persons reach the statutory retirement age, how can they do less than 15 years?

The "opinions" stipulate that the basic old-age insurance premium shall be paid in accordance with the regulations if Hebei continues to pay the fees, which meets the requirements for enterprises to continue to obtain employment in the condition of continued employment of enterprises. If no enterprise continues to obtain employment, it may choose to extend payment in accordance with the payment method of flexible employment personnel in Hebei province.

The continuing payment of the p provincial employment insurance personnel shall be carried out in accordance with the relevant regulations of the state.

Individuals who have taken part in the basic old-age insurance for employees of enterprises before the implementation of the social insurance law in July 1, 2011 shall pay a cumulative fee when they reach the statutory retirement age.

Less than 15 years, choose to pay according to the Hebei province flexible employment payment method, extend and continue to pay 5 years later, still less than 15 years, can pay a one-time fee to 15 years, and then enjoy the monthly basic pension insurance benefits.

The one-time payment standard is to extend the payment standard when the payment is paid for 5 years.

After July 1, 2011, they began to participate in the basic business of employees.

When a person reaches the statutory retirement age, the accumulative payment period is less than 15 years.

The method of payment for flexible employment personnel will continue to be paid until the payment has been paid for 15 years, and the basic old-age insurance benefits will be enjoyed monthly.

In order to reach the statutory retirement age and pay less than 15 years, in addition to choosing to continue paying, it may also choose to terminate the relationship between the basic old-age insurance for employees or pfer the basic old-age insurance to urban and rural residents.

Those who choose to terminate the relationship between the basic old-age insurance of the staff and workers should submit a written application and fulfill the relevant procedures and pay their personal account savings to the person at once and terminate the basic old-age insurance relationship.

However, when the amount of personal accounts is refunded, Hebei will no longer issue the "payment period of one full year, and the monthly average wage paid to each month".