Job Recruitment Website - Social security inquiry - Can rural endowment insurance not be paid?
Can rural endowment insurance not be paid?
1 will have an impact on the amount of pension received every month after retirement. Generally speaking, the more old-age insurance you pay at work, the more savings you have, so the more pensions you can receive after retirement. If you break off diplomatic relations, you will naturally reduce your savings and reduce the benefits you can enjoy after retirement.
2. Cutting off the endowment insurance will affect the payment period. For example, in some areas, it is stipulated that the pension insurance must be paid continuously for 15 years, and the pension can only be received after retirement. Therefore, if the old-age insurance breaks off, it will have an impact on the payment period, and it will not meet the requirements of the payment period, then it will not be possible to obtain a retirement pension.
Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC).
Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium.
Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.
The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.
Article 16
Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.
Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and 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.
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