1, male over 60 years old, female over 55 years old;

2. Pay the premium as required, with the minimum payment of 15 years;

3. Failing to enjoy the basic old-age insurance for employees of enterprises, the old-age insurance for institutions, and the basic living guarantee for landless farmers on a monthly basis.

If the insured person interrupts the payment without reason, the proportion of basic pension will be deducted based on the accumulated payment period, and it will be deducted according to the uninsured period, and deducted every 1 year 1%.

If the insured reaches the conditions for receiving the pension stipulated in these Measures during the period of being sentenced to criminal detention or above or being reeducated through labor, the formalities for receiving the pension shall be suspended. After the expiration of the sentence or reeducation through labor. At that time, the basic pension will be calculated according to the payment base at the time of processing. The treatment of retirees sentenced to criminal detention or reeducation through labor shall be suspended until the expiration of their sentences.

Endowment insurance is conducive to ensuring the reproduction of labor force. The establishment of the old-age insurance system is conducive to the normal intergenerational replacement of the labor force, the retirement of the elderly, the smooth employment of the newly growing labor force and the rationalization of the employment structure. Conducive to social security and economic development. The old-age insurance system designed by many countries links fairness with efficiency, especially the pension collection mode of partial accumulation and complete accumulation. The amount of pension received by workers after retirement is directly related to their wage income and payment during their on-the-job work, which can undoubtedly stimulate workers to work actively during their on-the-job work and improve efficiency.

Legal basis: Article 1 of the Interim Measures of the State Council on Retirement and Resignation of Workers.

Workers in enterprises and institutions owned by the whole people, party and government organs and mass organizations shall retire if they meet one of the following conditions.

(a) men over 60 years of age, women over 50 years of age, continuous service for ten years.

(2) Those who are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health, and have reached the age of 55 for men and 45 for women, and have worked continuously for ten years.

This provision also applies to grassroots cadres whose working conditions are the same as those of workers.

(3) The male has reached the age of 50, the female has reached the age of 45, and has worked continuously for ten years, and has been certified by the hospital and confirmed by the labor appraisal committee, and has completely lost the ability to work.

(four) work-related disability, proved by the hospital, and confirmed by the labor appraisal committee, completely lost the ability to work.

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.