But as long as you are a citizen of China people, you can still receive a basic pension on a monthly basis.
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Article 33 Anyone with China nationality is a citizen of China.
All China people and citizens are equal before the law.
Any citizen enjoys the rights stipulated by the Constitution and laws, and at the same time must fulfill the obligations stipulated by the Constitution and laws.
Identity card law
Article 1 This Law is formulated for the purpose of proving the identity of citizens living in People's Republic of China (PRC), safeguarding their legitimate rights and interests, facilitating their social activities and maintaining social order.
Article 2 China citizens who have reached the age of 16 and live in People's Republic of China (PRC) shall apply for resident identity cards in accordance with the provisions of this Law; China citizens under the age of 16 may apply for resident identity cards in accordance with the provisions of this Law.
Article 9 Hong Kong compatriots, Macao compatriots and Taiwan Province compatriots who have settled in the Mainland, overseas Chinese who have returned to China to settle down, foreigners and stateless persons who have settled in People's Republic of China (PRC) and have been approved to join or restore People's Republic of China (PRC) nationality shall apply for resident identity cards in accordance with the provisions of this Law when registering their permanent residence.
Social insurance law
Article 1 This Law is formulated in accordance with the Constitution for the purpose of adjusting the social insurance relationship, safeguarding citizens' legitimate rights and interests in participating in social insurance and enjoying social insurance benefits, enabling citizens to enjoy the fruits of development and promoting social harmony and stability.
Article 2 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 in case of old age, illness, industrial injury, unemployment and maternity.
Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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.
Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their 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.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.