Individuals who participate in the basic old-age insurance can pay for fifteen years (that is, they have to pay for about nine years) when they reach the statutory retirement age, so that they can 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. In addition: I heard that in some places in the mainland, you can get a pension by paying in one lump sum. Specific circumstances, you have to know your hometown!