20 15. Dan Ling county people's government issued a document on July, 2065438 14: on July 9, 20 15, Dan Ling county officially launched the branch business of individual payment bank for basic old-age insurance. Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.