What is the impact of stopping social security for one year?

Stopping paying social security for one year will have many effects on individual social security rights and interests, including the reduction of social security benefits, the problem of paying back and renewing payments, and the long-term impact.

First, social security benefits are affected.

Old-age insurance: After the social security payment is stopped for one year, the payment period of individual old-age insurance is interrupted, which affects the calculation of accumulated payment period. The pension insurance benefits are determined according to the individual's payment period and payment amount, so the interruption of payment may lead to the reduction of pension in the future.

Medical insurance: After the payment of social security is stopped, personal medical insurance benefits will also be affected. During the suspension of payment, individuals will not be able to enjoy medical insurance reimbursement, and once medical expenses occur, they will have to bear them themselves.

Other insurances: unemployment insurance, industrial injury insurance and maternity insurance will also be affected by the suspension of social security payment. During the suspension period, individuals will not be able to enjoy the corresponding insurance benefits.

Second, the problem of overdue and renewal.

After the social security payment is suspended for one year, individuals can choose to pay or renew the social security payment. However, paying social security requires paying a certain amount of late fees and interest, which increases the personal economic burden. At the same time, there is a certain time limit for paying back social security, and it may not be possible to pay back after a certain time limit.

The renewal of social security needs to go through relevant procedures according to personal circumstances and pay social security fees on time. After continuing to pay social security, the individual's social security rights and interests will be restored, but the payment period that was interrupted before may not be fully compensated.

Third, the long-term impact.

Although the suspension of social security for one year seems short-lived, in the long run, its impact can not be ignored. The interrupted payment period may cause individuals to fail to meet the minimum payment period requirements for receiving pensions when they retire, thus failing to enjoy pension benefits. In addition, long-term interruption of social security payment may also affect personal credit record and career development.

To sum up:

Stopping paying social security for one year will have many effects on individual social security rights and interests, including the reduction of social security benefits, the problem of paying back and renewing payments, and the long-term impact. Therefore, individuals should avoid the interruption of social security as much as possible, ensure that social security fees are paid in full and on time, and protect their social security rights and interests.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16 stipulates:

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of 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.

Article 27 provides that:

Individuals who participate in the basic medical insurance for employees will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with the provisions of the state if they reach the statutory retirement age and the accumulated payment has reached the fixed number of years stipulated by the state; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.