Social security participant is the company or myself

Social security participant is myself, now most of the cities in the country has canceled, through the way forward to make up for the pension insurance to increase the actual number of years, so that the participant to gain the benefits of the policy. Therefore, individuals who have accumulated less than 15 years of contributions when they reach the legal age cannot make up for the previous years, and can only continue to pay up to 15 years before applying for retirement.

Information expansion:

Reaching the statutory retirement age to pay contributions for a total of 15 years

Only if both conditions are met, can you apply for retirement, otherwise it is not possible to apply for retirement.

The provisions of the statutory retirement age: the retirement age of the employee pension insurance participants for men over 60 years old, female cadres 55 years old, female workers 50 years old; to pay the social security of flexible employment participants retirement age for men 60 years old, women 55 years old; urban and rural residents to pay the retirement age of pension insurance participants for men and women are 60 years old.

For the provisions of 15 years of continuous contributions: in reaching the legal retirement, to pay a total of 15 years of pension insurance, calculated on a monthly basis, that is, 180 months of pension insurance.

At the national policy level, workers who have paid pension insurance for less than 15 years have to continue to pay, but individuals have to choose according to their own actual situation.

One, if the individual reaches the legal retirement age when the number of years of payment of pension insurance is less than 15 years, you can choose to continue to pay. After all, the individual has paid so much insurance, if no longer pay is a great pity. Continue to pay, although a few years late retirement, but after retirement pension can still protect their lives.

Second, if the individual reaches the legal retirement age, the difference between the number of years of payment of pension insurance from 15 years is large, you need to consider whether to continue to pay or switch to urban and rural residents pension insurance. If, upon reaching retirement age, the contributions are small, the individual's financial situation is limited, and the physical condition is taken into account, one can choose not to continue to pay employee pension insurance, but to switch to urban and rural residents' insurance. After switching to urban and rural residents' pension insurance, although the pension received is less, but it is better than not receiving it.

Participants can choose according to their own actual situation, do not choose to withdraw from the insurance as a last resort. Because the surrender is only returned to the personal account, this part of the money is very small.