4050 cannot be applied for after three years.

You can only apply once, and you will either enjoy the 40% policy or the 50% policy. If you choose three years, you will definitely enjoy the 40% policy. Pension insurance and medical insurance are based on cumulative payment years. For pension insurance, you can receive pension after 15 years of cumulative payment until retirement age. For medical insurance, men pay for 25 years and women for 20 years. You can enjoy medical reimbursement for life after retirement. 4050 workers refer to workers in the working age group, women over 40 years old and men over 50 years old, who have an urgent desire for employment but are unable to compete for employment in the labor market due to poor employment conditions and single skills. A considerable number of them are laid-off personnel from former state-owned enterprises. They have contributed to the reform. However, as they grow older, it becomes increasingly difficult to find employment, which has attracted the attention of governments at all levels and all walks of life. Personnel are the most difficult group to obtain re-employment, and the state has implemented more preferential policies and special support for them. Help 4050 people start their own businesses. Actively provide one-stop services such as entrepreneurship training, policy consultation, business start-up guidance, tax reduction and exemption, and small guaranteed loans for 4050 people. If 4050 people start a business, they can enjoy preferential tax policies in accordance with national regulations if they meet relevant conditions.

Encourage various enterprises to recruit 4050 people for employment. If a legal employer recruits 4,050 people, signs a labor contract for more than one year and pays social insurance premiums, social insurance subsidies will be provided within the corresponding period. The period of enjoying the support policy is tentatively determined to be no more than 5 years.

Article 10 of the "Social Insurance Law of the People's Republic of China" Employees shall participate in basic pension insurance, and the employer and employee *** shall jointly pay the basic pension insurance premiums. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic pension insurance in the employer, and other flexible employment personnel can participate in the basic pension insurance, and the basic pension insurance premiums are paid by individuals. The measures for pension insurance for civil servants and staff managed with reference to the Civil Servant Law shall be prescribed by the State Council.