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What if social security is not paid to 15?
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.
The payment period can be extended to 15 years for those who started to participate in the insurance in July/1year (that is, after the implementation of the social insurance law) and later, but when they reach the statutory retirement age, they can apply for up to five years. In other words, men who reach the legal retirement age of 60 can apply for delayed retirement. (In this case, it can only be paid year by year, not once. )
For those who participated in the insurance on or before June 30th, 20 1/year (that is, before the implementation of the Social Insurance Law) and reached the statutory retirement age after July1year, and the payment period is less than 15 years, the payment can be extended to 15 years (no, extension
The role of social security
1, pension insurance, in layman's terms, means that you can get a pension after retirement. Paid jointly by the unit and the employees. Pay more in the future and pay more in the future. Accumulated payment 15 years, you can retire and receive a pension when you reach retirement age.
2, medical insurance, in layman's terms, is that medical expenses can be reimbursed if you are sick. Paid jointly by the unit and the employees. Accumulated medical insurance contributions have reached a certain number of years, and you can enjoy lifelong medical insurance benefits without continuing to pay after retirement.
3. Maternity insurance, in layman's terms, means that medical expenses incurred by female childbirth can be reimbursed and maternity allowance can be received during maternity leave. Payment is made by the unit, not by the individual employee.
Unemployment insurance In layman's terms, you can get compensation after being forced to lose your job. Paid jointly by the unit and the employees.
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