How many years does social security pay?

15. According to the information of the Chinese government website, the basic old-age insurance for employees follows the principle of "pay more and get more". When other pension calculation factors remain unchanged, the longer the payment period, the higher the pension insurance benefits. At the same time, the minimum payment period of endowment insurance is 15 years. After paying 15 years, you can receive the basic pension after retirement. Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material, labor and society.