When can social security receive the money?

The accumulated years of paying endowment insurance must reach at least 15, reach the statutory retirement age, and go through formal retirement procedures. It is enough to reach the statutory retirement age, that is, 60 years old for men and 55 years old for women. Some positions have raised the retirement age according to the latest regulations. If there is a unit that has paid 15 years, but the employees have not retired, the enterprise will continue to pay until retirement; Individuals who pay social security can stop paying or continue to pay. According to the local policy, they will definitely continue to pay high salaries. Endowment insurance follows the principle of "pay more and get more". The higher the payment base, the longer the service period, and the more pensions you receive when you retire. Once the payment is stopped, it will directly affect the pension benefits after retirement.

Pay attention to social security issues:

Social security needs to wait until retirement age to apply for retirement and receive a pension. The retirement age is 60 for men and 55 for women.

Those who have not reached retirement age cannot enjoy medical treatment from the time they stop paying premiums to retirement. You can enjoy medical treatment after retirement. This can be replaced by rural cooperative medical care or urban and rural medical care.

Social security policies vary from place to place. I suggest you consult the social security department directly. You can consult the local endowment insurance hotline:12333; The most authoritative answer.

What are the differences and connections between social security and commercial insurance?

(1) has different properties. Social insurance is enforced by national legislation, which belongs to government behavior, is a welfare undertaking and is non-profit. Commercial insurance is a kind of commercial behavior, and the relationship between the insurer and the insured is completely voluntary. Having the nature of taking profit as the purpose;

(2) the purpose is different. Social insurance is not for profit, its starting point is to protect the basic livelihood of workers, maintain social stability and promote economic development. The fundamental purpose of commercial insurance is to obtain profits, but only on this premise can the insured be given economic compensation;

(3) Different sources of funds. Social insurance is borne by the state, employers and individuals. Commercial insurance is entirely borne by the insured person;

(4) Different levels of treatment. Starting from stabilizing society, social insurance focuses on the protection of long-term basic life, and should be adjusted and gradually improved with the rise of prices. Commercial insurance focuses on one-time economic compensation;

(5) The government has different responsibilities. Social insurance is a basic right enjoyed by citizens. The government has the ultimate responsibility to society. Commercial insurance is restricted by market competition mechanism, and the government mainly supervises commercial insurance according to law to protect the interests of investors.

Legal basis:

Article 16 of the Social Insurance Law: Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have accumulated contributions for fifteen years. 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 17 of the Social Insurance Law, if an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral subsidies and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.