Home Knowledge China Local Information Guangzhou Regulations on Retirement Administration in Guangzhou
(1) |
Retirement age
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(2) |
Identity The identity standard of a retiree is based on the information in the last labour contract signed with the employer. The retiree shall be identified as cadre if the contract shows “management position”. |
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(3) |
The minimum payment years for claiming pension
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(4) |
Procedures for retirement Two months before reaching the statutory retirement age, retirees or the employer shall go to Guangzhou Social Security Bureau to go through the formalities of retirement. The required documents include original ID card, social insurance card, household register, the agreement between the employer and the retirement administration department, the agreement between the employer and the retirees, archives of the retirees. The retirement procedure will charge RMB3,000 (either paid by the employer or the retiree based on their negotiation), retirees shall get the pension in the next month after finishing the retirement procedure. |
(1) |
Regulations on accumulated payment years for medical insurance Even if retirees reach the statutory retirement age, they are still required to make supplementary payments for medical insurance until reach the stipulated conditions of accumulated payment years to enjoy medical insurance benefits after retirement. The detailed regulations are as following:
Note: Guangzhou residence can make supplementary payments for medical insurance no matter where they claim retirement pension; However, non-Guangzhou residence are not allowed to make supplementary payments for medical insurance unless they can claim retirement pension in Guangzhou (under these 2 situations, retirees have to pay medical insurance in Guangzhou for at least one month before making supplementary payments). |
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(2) |
Contribution base and the rate for supplementary medical insurance The contribution base shall be the minimum contribution base of medical insurance in Guangzhou, the payment rate is 7.5%. |
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