How old are you to pay endowment insurance?

/kloc-It is more appropriate to pay endowment insurance at the age of 0/8, as follows:

1. After paying 15 years of old-age insurance, you can get a pension at retirement age. Of course, the payment period can be longer than 15 years, and the longer the payment time, the more pension you will receive after retirement, so whether to continue to pay after 15 years can be decided according to your actual situation. Endowment insurance can be interrupted in the process of payment, as long as the accumulated time reaches 15 years;

2. The basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC).

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 17

If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.