65438+Can social security be stopped after payment in 2005?

Social security may not be paid after 15 years, but it is necessary and cost-effective to continue to pay social security for the following reasons:

1. The longer the payment time, the higher the payment base and the more money you can get after retirement.

2. While paying social security, the company is also paying. If individuals don't pay, part of the company will also stop. Even if you have paid social security for 15 years, you must pay social security as long as you are still working in an enterprise before retirement age. This is a rule.

3. The amount of pension is related to the local average wage, social security payment period and base. If the salary is lower than the local average wage level, it is even more necessary to pay. Because you only need to pay a little pension insurance at work, you can get a higher pension after retirement.

4. If you stop participating in insurance, you can't enjoy other social security benefits. For example, if medical insurance stops, you can't reimburse it when you go to the hospital.

How much social security can I get after paying 15?

The calculation formula of how much social security can be received after retirement after paying 15: pension = basic pension/personal account pension;

In which: basic pension = (average monthly salary of employees in the whole province last year+average monthly payment salary of myself) /2* payment period * 1%.

Monthly basic pension = basic pension+personal account pension+transitional pension;

Transitional pension = the average monthly salary of employees in the whole province in the previous year at the time of retirement * my average salary index *165438 in 997+payment period before February 3 1 * 1.4%.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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.