law
Decision of the State Council on Establishing a Unified Basic Old-age Insurance System for Enterprise Employees Article 5 After the implementation of this decision, employees who have joined the work and whose individual contribution period has accumulated to 15 years will receive a monthly basic pension after retirement. Basic pension consists of basic pension and personal account pension. When retiring, the monthly standard of basic pension is 20% of the average monthly salary of employees in the province, autonomous region, municipality directly under the Central Government or prefecture (city), and the monthly standard of personal account pension is the amount stored in my account divided by 120. If the individual payment period is less than 15 years, he will not enjoy the basic pension after retirement, and the amount stored in his personal account will be paid to him in one lump sum. Those who have retired before the implementation of this decision will still be given pensions according to the original provisions of the state, and the pension adjustment measures will be implemented at the same time. All regions and relevant departments should further improve the normal adjustment mechanism of basic pensions in accordance with state regulations and conscientiously implement them. If you work before the implementation of this decision, retire after the implementation, and the cumulative period of individual payment and deemed payment is over 15 years, a transitional pension will be issued on the basis of basic pension and personal account pension, and the transitional pension will be solved from the endowment insurance fund. Specific measures shall be formulated and implemented by the Ministry of Labor in conjunction with relevant departments.
skill
The above answer is only for the current information combined with my understanding of the law, please refer carefully!
If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.