Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. There is an age limit for handling social security, 50 for women and 55 for men. You can buy it before this age. After this age, the social security bureau will let you make up 15 years of social security at one time.
As for commercial insurance, we should read the insurance book carefully, not just listen to the insurer's side of the story, but according to the insurance contract to avoid regret after buying it. There are three ways to query: 1, and online query: log in to the local human resources and social security network.
2. Telephone enquiry: call122333;
3. On-site inquiry: Bring relevant certificates to the social security center for inquiry.
Legal basis:
Article 11 of the Social Insurance Law of People's Republic of China (PRC)
The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.
Article 12
The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.
Article 13
Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.