When can an individual collect basic pension in China?

An individual can collect basic pension on a monthly basis if the cumulative premium payment period reaches 15 years at the time he or she reaches the statutory retirement age. In China, the statutory retirement age for men is 60; for white-collar female workers 55, and for blue-collar female workers 50.

If the cumulative premium payment period is fewer than 15 years at the time the individual reaches the statutory retirement age, they can continue to pay the premium until the 15-year threshold is met, and then collect the basic pension amount on a monthly basis; or they can transfer to the rural, or urban resident pension program and enjoy the corresponding insurance benefits.