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li zhong, vice minister of the ministry of human resources and social security, said at a special press conference of the 11th meeting of the 14th national people's congress standing committee on the 13th that with the delay of the statutory retirement age, the minimum payment period for receiving monthly pensions has also been adjusted accordingly, gradually increasing from the current 15 years to 20 years. taking into account all aspects, the measures highlight the following two policies:

first, a five-year buffer period will be set up. the increase in the minimum contribution period will be implemented from 2030. that is to say, for employees who retire between 2025 and 2029, the minimum contribution period will still be 15 years. the main consideration is that some employees who have paid for about 15 years are approaching retirement, and the establishment of a five-year buffer period can reduce the impact on them.

second, a gradual approach will be adopted. for employees who retire after 2030, the minimum contribution period will not be raised to 20 years all at once, but will be adjusted in small steps, increasing by 6 months each year. this will make it easier for employees who have not yet reached the minimum contribution period to make insurance arrangements in advance.

li zhong said that the pension level of retirees is linked to the years and level of payment, and is closely related to the retirement age. that is, the longer you pay, the more you get, and the later you retire, the more you get. this can provide better protection for life after retirement.