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Beijing's Basic Pension Insurance Expanding to Cover Eligible Permanent Foreign Residents

2021-11-05 13:04  

Starting from October 1, 2021, Beijing's basic pension insurance will be available to individuals possessing a Foreigner's Permanent Residence Card or Residence Card for Hong Kong, Macao and Taiwan residents.

Along with Beijing Municipal Finance Bureau, Beijing Municipal Human Resources and Social Security Bureau recently announced that Beijing's basic pension insurance will be available to unemployed Beijing residents between 16 and 60 years old (excluding students), who possess a valid Foreigner's Permanent Residence Card or Residence Card for Hong Kong, Macao and Taiwan residents.

Those aged 60 and over who have not yet received the basic pension implemented by the government may receive basic pension insurance benefits for urban and rural residents on a monthly basis if one of the following circumstance applies: they have paid their basic pension insurance premiums for urban and rural residents for at least 15 years in total or; they are foreigners over 45 years old as of September 25, 2012 who has paid their annual premiums without interruption ever since they were eligible for basic pension insurance coverage.