1. 2021 Social Pension Insurance Policy 1. Individuals who participate in the basic pension insurance and have made cumulative contributions for fifteen years when they reach the legal retirement age will receive a basic pension on a monthly basis.

2. Individuals who participate in basic pension insurance and have paid less than fifteen years of cumulative contributions when reaching the statutory retirement age can pay for up to fifteen years.

3. The promulgation of the new national policy on back-payment of pension insurance premiums, and clear provisions on the back-payment of basic pension insurance premiums by units that have not participated in the basic enterprise pension insurance and discontinued and charging enterprises and personnel, only for various parties to pay back the basic pension insurance premiums.

The policy basis is provided for continuing the pension insurance relationship for the pension insurance benefits that were previously interrupted.

2. New policies for the pension mechanism In 2020, my country will see three changes: 1. my country’s pensions will see 16 consecutive increases, with an increase of 5%; 2. Pensions will be adjusted by the central government and distributed to provinces more fairly and equitably City; 3. The original county-level pension planning system has also changed to provincial-level overall planning, which has changed the problem of large differences in pension payment time between different cities and counties in the same province.

3. New Regulations on Pension Receipt in 2021 At present, the main method of receiving pensions in my country is to directly pay it to employees’ banks or savings accounts such as passbooks. Retired employees can receive it directly when needed.

With the continuous improvement of the pension system, the desire of the elderly to receive and use the "all-in-one card" has become stronger and stronger. For this reason, the country has also made adjustments in pension collection.

In 2021, in accordance with the new regulations, retired employees whose social security cards are marked with the word "UnionPay" need to bring their personal identity documents and social security cards to the local social security department to identify and activate the social security cards before they can receive pensions normally.

Marked with the word "UnionPay", it means that the card has the function of financial circulation. Through certification, it can facilitate the issuance and management of national pensions and facilitate retired employees to achieve the purpose of using the "all-in-one card".

After certification, retired employees can not only withdraw money directly from the social security card for use, but also use the social security card to directly buy medicines, see a doctor, and enjoy preferential medical insurance benefits.

At present, some regions in our country have become policy pilots and have begun to implement the policy of disbursing pensions to social security cards.

For example, in my country's Hebei Province, retired employees can realize a true "all-in-one card". Employees who have begun to receive pensions can directly use their social security cards to make purchases, see doctors, and buy medicines, which is convenient and fast.

Hebei Province urges staff to assist retired employees to complete the activation of social security cards as soon as possible so that retirees can receive pensions smoothly.

In addition to Hebei, some areas in Anhui Province also distribute the pensions of people over 70 years old to social security cards with the word "UnionPay" on them.

The popularization and use of "UnionPay" social security cards can improve the efficiency of my country's unified pension payment policy, and can also save the elderly from the cumbersome and inconvenient process of actually using pensions. One card can achieve multiple types of uses.

Now the state is also encouraging everyone to replace their original social security cards with UnionPay social security cards, which not only facilitates the issuance and management of state pensions, but also facilitates the collection and use of retired employees.

Four and five categories of people can make up a one-time payment for social pension insurance. 1. Contract workers, who are temporary workers with urban household registration or business operations. If they did not participate in social security when they were young or there was an interruption in the process, they can all make up the payment.

Pension insurance.

But if you do not meet these conditions, you can only pay year by year according to the process.

2. Those who have been fired or released after serving their sentences, are employees without public employment, and cannot be removed from public service, they can also make up social security in one go.

3. For those who do not have formal jobs, which is what we call self-employed households, as long as they are industrial and commercial households in cities and towns, they can also top up social security in accordance with national regulations.

4. The employee's resignation or wrong job transfer is caused by the fault of the employer, thus interrupting the payment of social security.

These people can also pay social security in one lump sum.

5. For older people, those who stop paying after participating in the insurance but are over 60 years old can also make up 15 years of social security in one lump sum.