After the implementation of the new agricultural insurance system, those who do not enjoy the basic old-age insurance benefits for urban workers can receive the basic pension on a monthly basis without paying any fees, but their children who meet the insurance conditions should pay insurance premiums; If the age is less than 15, the annual payment is allowed, and the accumulated payment shall not exceed15; If the age is above 15, the fee shall be paid annually, and the accumulated fee shall not be less than 15. That is to say, whether in rural or urban areas, social endowment insurance must be paid for a total of 15 years (including deemed payment) and can only enjoy pension benefits at retirement age (60 years for male employees, 50 years for female employees and 55 years for female cadres).

legal ground

"Accounting System of Social Insurance Fund" Article 26 The expenditure of the basic old-age insurance fund for urban and rural residents includes the expenditure of old-age insurance benefits, the transfer expenditure, the expenditure of subsidizing subordinates, the expenditure of superiors and other expenditures. Expenditure on pension insurance benefits includes basic pension and personal account pension paid to insured urban and rural residents in accordance with regulations, as well as funeral subsidies. Basic pension refers to the pension benefits that are fully subsidized by governments at all levels according to regulations for insured urban and rural residents who meet the conditions for receiving benefits. Personal account pension refers to the pension benefits paid to the insured urban and rural residents, and the one-time expenditure of personal account when the insured urban and rural residents meet the conditions for receiving pension insurance benefits. Personal account one-time expenditure refers to the expenditure that individuals who participate in the basic old-age insurance for urban and rural residents return their personal account storage due to death, going abroad (border) and repeated payment of the basic old-age insurance premiums for enterprise employees and urban and rural residents. Funeral allowance refers to the funeral allowance paid by the government to the survivors after the death of the insured in the area where the funeral allowance system is established. Transfer expenditure refers to the amount of funds transferred from individual accounts across regions or systems.