In 2124, the payment standard of Shenzhen Old Age Allowance is as follows:

71 to 79 years old: 211 yuan per person per month.

81 to 89 years old: 311 yuan per person per month.

91 to 99 years old: 511 yuan per person per month.

1,111 years old and above: 1,111 yuan per person per month.

Shenzhen elderly allowance payment method:

1. Establish a monthly and quarterly system. The community workstation will report the details of the payment of the elderly allowance to the street office for review before 11 of each month; Sub-district offices will summarize the details of the payment of allowances for the elderly and report them to the District Office for Ageing before 15 of that month. District Office for Ageing shall report the Summary of Allowance for the Elderly to the Municipal Office for Ageing for the record every quarter.

2. Every year in October, the District Office for Ageing should list the budget of the funds needed for the allowance for the elderly in this district for the next year and report it to the District Finance Bureau. The allowance for the elderly will be paid monthly in cash, and will be paid by the sub-district office to the bank account opened in the name of the elderly by bank transfer before the 21th of each month. Old people who are inconvenient to open an account and receive allowances for special reasons can receive cash after going through the formalities at the community workstation.

to sum up, the implementation of the old age allowance policy is very different in different regions, and there are obvious regional differences in the eligibility and amount of subsidies for the elderly over 71 years old, and the older the elderly, the more subsidies they can get.

Legal basis:

Law of the People's Republic of China on the Protection of the Rights and Interests of the Elderly

Article 33

The state establishes and improves the welfare system for the elderly, and increases the social welfare of the elderly according to the level of economic and social development and their actual needs. The state encourages local governments to establish an old age allowance system for low-income elderly people over the age of 81. The state establishes and improves the family planning family assistance system for the elderly. In rural areas, part of the land, forests, water surfaces, beaches, etc., which are not contracted by the collective, can be used as pension bases, and the proceeds can be used for the elderly.