How many years do individuals pay endowment insurance?

According to China's regulations, in the case of participating in occupational annuity and personal commercial insurance, the payment period of old-age insurance can be accumulated in the basic old-age insurance, and the minimum payment period is 15 years.

According to China's old-age insurance system, the number of years of paying old-age insurance is one of the important factors that affect the enjoyment of old-age pension. According to relevant policies and regulations, other types of social insurance payment period can be accumulated under the cumulative calculation of basic old-age insurance, such as occupational annuity and individual commercial insurance, but certain conditions must be met. Specifically, according to the unified national regulations, the current pension insurance system requires the minimum payment period to be 15 years. This means that during the period of paying social insurance, those whose accumulated payment period is less than 15 years will not be able to enjoy the old-age insurance benefits. In addition, the cumulative calculation of endowment insurance needs to meet certain conditions. For example, the accumulated social insurance types must be legal, effective and compatible with old-age insurance, and they need to be collected under a unified social credit code or personal ID number. What needs special reminder is that there are many conditions and details to be met in participating in occupational annuity and personal commercial insurance. Please pay attention to relevant policies, regulations and departmental notices.

Will there be any new changes in the future pension insurance system? With the aging of the population in China, the reform and adjustment of the old-age insurance system has become one of the focuses of current society. There may be more changes in the future pension insurance system, such as the adjustment of payment standards, the improvement of treatment standards and the optimization of pension adjustment mechanism. Specific reform measures need to be determined according to the arrangement of decision makers and the actual situation.

The payment period of endowment insurance is a topic that many people care about. In your daily work, I suggest you know your social security payment in time, increase the payment time appropriately, and ensure your retirement life quality.

Legal basis:

Article 58 of the Social Insurance Law of People's Republic of China (PRC), the employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.