How much is the rural basic pension in Hunan Province?

The minimum standard of rural basic pension in Hunan Province has been raised from 1 in July 2020 to 1 13 yuan.

The individual pension system payment period is as follows:

1. Persons under the age of 60 for males and 55 for females at the time of registration. The payment period during the working period before June 30, 2008, 2065438+,if the actual payment period reaches 65438+2005 when the male reaches 60 years old and the female reaches 55 years old, the basic pension formalities shall be handled according to the regulations; If the actual payment period is less than 15 years, the payment can be extended to 15 years. If the actual payment period is still less than 15 years for men over 65 years old and women over 60 years old, they can pay in one lump sum to 15 years, and go through the basic pension procedures according to regulations.

2. At the time of enrollment, men are 60 years old and women are 55 years old. Before June 30th, 20 18, if the payment period accumulated over 15 years, the basic pension formalities shall be handled according to the regulations; If the overdue payment period is less than 15 years, the payment can be extended to 15 years. If the actual payment period is still less than 15 years for men over 65 years old and women over 60 years old, they can pay in one lump sum to 15 years, and go through the basic pension procedures according to regulations.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC).

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of 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.