October retirement social security contributions to the months

If the employee's pension insurance has accumulated 15 years of contributions, then the pension insurance can be paid until the month before retirement. Medical insurance also meets 20 years, then the same as the pension insurance to the month before retirement. If you have not reached the age of years need to continue to pay to the age of years or a lump sum to make up to the minimum number of years.

Social insurance is a social and economic system that provides income or compensation for people who are incapacitated, temporarily out of work, or have suffered losses due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance.

Social security pensions are calculated as follows:

1. The basic pension is equal to the average monthly salary of the employees on the job in the previous year at the time of retirement × (1 + the index of the average contribution of the person) ÷ 2 × the number of years of contribution × 1%;

2. The pension in the personal account is equal to the balance in the personal account at the time of retirement divided by the number of months of payment determined by the age of retirement.

Legal basis:

Social Insurance Law of the People's Republic of China

Article 4

Employers and individuals in the territory of the People's Republic of China pay social insurance premiums in accordance with the law, and they have the right to inquire about the records of contributions and individual rights and interests, and to request the social insurance administration organization to provide social insurance counseling and other related services.

Individuals enjoy social insurance benefits in accordance with the law, and have the right to supervise the payment of contributions for them by their own units.

Article 58

An employer shall, within thirty days from the date of employment, apply to a social insurance agency for social insurance registration for its employees. If it fails to register for social insurance, the social insurance administration organization shall approve the social insurance premiums it shall pay.

Individual industrial and commercial households without employees who voluntarily participate in social insurance, part-time employees who do not participate in social insurance with their employers, and other flexibly employed persons shall apply to the social insurance administrative organization for social insurance registration.

The State establishes a nationally unified individual social security number. The personal social security number is a citizen's identity number.