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When will social security be paid?
How long is the social security payment time in China?
To know the time of social security payment, you need to have a certain understanding of the "social security payment period". The social security payment period refers to the accumulated years that employers and employees pay social insurance premiums such as pension, medical care and unemployment according to regulations, and is one of the bases for calculating social insurance benefits. In addition, the social security payment period is different from the continuous length of service, but there is a certain relationship between them in time.
According to the relevant regulations, 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, and they have not been transferred to the new rural social endowment insurance or urban residents' social endowment insurance. Individuals can apply in writing to terminate the basic old-age insurance relationship for employees. The social insurance agency terminates the basic old-age insurance relationship of its employees and pays the amount stored in the personal account to me in one lump sum.
Legal basis: Article 72 of the Labor Law determines the source of social insurance funds according to the types of insurance, and gradually implements social overall planning. Employers and workers must participate in social insurance and pay social insurance premiums according to law.
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