What is the impact of cutting off social security?

The effects of cutting off social security are as follows:

1. If the length of service is not calculated during the interruption period, the length of service salary will be lost.

2. There is no personal account deposit during the interruption period, and personal accounts will be reduced in the future, resulting in losses when calculating endowment insurance.

3. If the medical insurance is interrupted for more than three months, there will be no medical care for a whole year.

4. Medical insurance that is interrupted for one month is not reimbursed, and can only be reimbursed for three consecutive years.

5. When reaching the legal retirement age, the time of life interruption is accumulated, and the accumulated interruption 12 months is pushed forward to calculate the pension for one year.

The function of social security:

1, the function of stabilizing social life

2, the function of redistribution

3. The function of promoting social and economic development: First, the social insurance system plays an important role as an important tool for demand management, thus playing an active role in the economy; Second, the effective use of social insurance funds can promote the sustained prosperity of the economy; Third, social security has become the basic condition for enterprises to recruit talents.

Baidu Encyclopedia-Social Security