How does social security receive pensions?

Details of how to receive social security pension are as follows:

1. One month before the insured person reaches the statutory retirement age, the employer or the insured person shall submit the relevant materials for retirement and pension application to the local social security agency;

2. The staff of the social security agency shall review the information after receiving the information submitted by the insured or the unit. To meet the conditions of receiving monthly pension benefits, issue employee retirement certificates, and issue corresponding basic pensions on a monthly basis from the next month;

3. After receiving the employee's retirement certificate in the current month 15, the insured person needs to bring his ID card, retirement certificate and social security card to the designated bank to apply for a bank card, and submit the bank card number to the local social security agency, which will pay the corresponding pension to the bank card designated by the insured person every month according to the relevant rules.

Social security is a grade for several years. Details are as follows:

1, the most common thing is to pay a grade every 15, that is to say, you need to pay social security fees every 15; You can also choose a grade every 10 year, when the cash payment will be slightly higher; In addition, you can choose a grade every five years, and the payment amount will be higher;

2. The social security grade is divided into four grades: 60%, 80% and 100%, with reference to the payment base of the average salary of social workers in the previous year. For enterprise employees whose wages are not lower than the lower limit of payment or higher than the upper limit of payment, social security is paid according to the actual wage level, and individuals cannot choose;

3, 15 grade, according to the public information of social security payment, it can be known that individuals who participate in basic old-age insurance will receive basic pension on a monthly basis if they have paid for fifteen years at the statutory retirement age. In addition, other things being equal, if you pay one more year according to the insured amount, the pension will not be much more, at most dozens;

4. The general pension is divided into six grades according to the length of service, which is the process of 15-35 years. In fact, there is no actual policy to divide it into specific grades, but this division is based on the number of years of social security payment, because the parties must pay enough social security for 15 years during their employment to have a basic pension.

To sum up, the longer the pension payment period, the higher the base, and the more pensions you can receive.

Legal basis:

Article 2 of People's Republic of China (PRC) Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

Article 16

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.