Authoritative policy interpretation!
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Pension insurance for urban and rural residents!
What are the payment years of domestic pension insurance?
When the new rural insurance and urban housing insurance systems are implemented, urban and rural residents under the age of 60 who meet the conditions for participating in the resident old-age insurance should pay annual contributions.
When the new rural insurance and urban housing insurance systems are implemented, urban and rural residents over the age of 45 (excluding 45 years old) are allowed to make supplementary payments if the cumulative payment period is not less than the remaining years from the actual age to 60 years old, but the cumulative payment period after supplementary payment shall not exceed 15 years; Those under the age of 45 (including 45 years old) shall pay the fee annually, and the cumulative payment period shall not be less than 15 years. For urban and rural residents who have paid contributions continuously for more than 15 years (excluding supplementary payment years), an additional basic pension of 3 yuan per month will be paid for each additional year. The Government does not grant payment subsidies for supplementary premiums.
Source: Heze Renshe