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How many years does social security need to be paid?
Legal analysis: 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 paid for 15 years. In other words, the minimum payment period of endowment insurance in social security is 15 years. When it reaches 15 years, you can only say that you are eligible for pension.
Legal basis: People's Republic of China (PRC) Social Insurance Law.
Twenty-seventh individuals who participate in the basic medical insurance for employees, when they reach the statutory retirement age, will no longer pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with state regulations.
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