What do you mean by the number of months of social security payment?

The number of social security payment months refers to the number of planned payment months during the treatment payment period.

Number of months planned to reach the target:

According to the balance of personal account (annuity account) and the number of payment months, the monthly payment amount is approved. When a retiree dies, the balance of personal account and annuity account (hereinafter referred to as account) is just paid out, that is, the account fund is actuarially self-balanced. Retirement at the age of 60 is 139 months, and retirement at the age of 50 is 195 months.

Legal basis:

The overall pension stipulated in Article 15 of the Social Insurance Law of People's Republic of China (PRC) shall be calculated and paid according to the basic pension calculation and payment method stipulated by the State Council. When individuals who participate in the basic old-age insurance for employees reach the statutory retirement age, if the accumulated payment is less than fifteen years, the payment may be extended to fifteen years.

After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years. Individuals who participate in the basic old-age insurance for employees have reached the statutory retirement age, and the accumulated payment is less than 15 years (including the deferred payment stipulated in Article 2). They can apply for transfer to the new rural social endowment insurance or urban social endowment insurance where their household registration is located, and enjoy the corresponding old-age insurance benefits.

Characteristics and main functions of social security:

Characteristics of social security:

The objective basis of social insurance is the risks existing in the labor field, and the standard of insurance is the worker's person; The subject of social insurance is specific. Including workers (including their relatives) and employers; Social insurance is compulsory insurance; It is restricted by national legislation, and the participation of employers and employees is mandatory.

The purpose of social insurance is to maintain the reproduction of labor force; The insurance fund comes from contributions and financial support from employers and workers. Insurance coverage is limited to employees, excluding other social members. The insurance coverage is limited to all kinds of risks in labor risks, excluding other risks such as property and economy.

Main functions:

The function of stabilizing social life; The function of redistribution; The function of promoting social and economic development is that the social insurance system plays an important role as an important tool of demand management, thus playing an active role in the economy. Only the effective use of social insurance funds can promote sustained economic prosperity.