1, of which 8% is put into personal account and 12% is put into social pooling fund. Cumulative payment 15 years. Men over 60 years old and women over 55 years old can receive a monthly pension. The endowment insurance for flexible employees is calculated at 40- 100% of the average salary of local employees, and the payment ratio is 20%, of which 8% is paid into personal account and 12% is paid into social pooling fund.

2. Flexible employees participate in endowment insurance and go through retirement procedures when they reach retirement age. Like employees, the calculation and payment of pensions should be based on factors such as the payment period of my old-age insurance, the balance of my personal account, and the average salary of employees in the previous year when I retired.

Legal basis: Article 58 of People's Republic of China (PRC) Social Insurance Law.

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.