How long does the endowment insurance for urban and rural residents in Hanzhong City take to retire?

The retirement age of endowment insurance for urban and rural residents is generally 60 years old. But under special circumstances, it can be advanced or postponed. If the payment time is less than 15 years, the retirement time can also be determined according to local policies.

How long can Hanzhong urban and rural residents retire after paying endowment insurance? The retirement process is as follows:

1, payment period: urban and rural residents who have paid the old-age insurance for 15 years and reached the legal retirement age can apply for retirement with a pension. The legal retirement age is 60 for men and 55 for women;

2. Retirement procedures: Those who meet the retirement conditions need to go to the local social security department for retirement procedures. The specific processes include: applying for retirement-submitting retirement application materials-auditing by social security departments-calculating and distributing pensions;

3. Submit retirement application materials: When applying for retirement, you need to prepare relevant materials, such as ID card, household registration book, old-age insurance certificate, work certificate, household registration cancellation certificate, etc.

4. Audit by social security department: The social security department will audit the applicant's retirement application materials and verify the payment period and personal information;

5. Pension calculation: the social security department will calculate the amount of pension according to the applicant's payment period and payment amount;

6. Pensions: After the social security department has examined and calculated, it will begin to pay pensions to those who meet the retirement conditions.

To sum up, the retirement process of urban and rural residents' pension insurance may be different due to factors such as region and time, and applicants need to understand and apply according to local actual conditions.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

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.