Taking Beijing as an example, according to Article 25 of the Regulations of Beijing Municipality on Basic Old-age Insurance, those who reach retirement age after 1 October1in 2006, but the individual cumulative payment period is less than 15, will not be given basic pension; Personal account storage amount is paid to me in one lump sum, and at the same time, one-time pension compensation is paid to terminate the basic old-age insurance relationship.
Twenty-sixth people who retired before June 5438+February 3, 2005/KLOC-0 will still be given basic pensions according to the standards stipulated by the original state and this Municipality, and the normal adjustment methods of basic pensions will be implemented.
Extended data:
Article 14 of the Social Insurance Law of People's Republic of China (PRC) * * * Personal account shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.
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.
Baidu Encyclopedia-Regulations of Beijing Municipality on Basic Endowment Insurance