Migrant workers have paid social security in Shenzhen for 7 years and will be 60 years old next year. I lost my job again this year. What about social security?

Age has reached retirement age. Social security has not been paid 15. There are several ways to save it:

1, transferred back to the place where the household registration is located to pay the endowment insurance for urban and rural residents.

The first way is to transfer the social security relationship you paid to your household registration and continue to pay the old-age insurance for urban and rural residents. You can also retire with the total payment period of 15, but you will receive less pension than employee social security, because the residents' pension insurance itself will pay less, and you will understand this truth when you think back to "pay more".

2. Wholesale at one time to 15.

You have worked in Shenzhen for seven years, paid social security for seven years, and then you will soon reach retirement age, but the social security payment period is less than 15 years. At this time, you can choose to pay in one lump sum until 15 years, which is "deferred payment" in technical terms. That is to say, you can apply for retirement only after paying in one lump sum for at least three years, and you must apply for batch payment before the retirement age comes.

But this practice has been gradually abolished in many places. Whether it can be paid in batches can refer to the local laws and regulations and the actual operation of the local social security department, or you can know the actual operation through the local human resources company. If you can pay in batches at one time, it is the most cost-effective payment method for the insured. Cities that can't pay in a lump sum will let employees who reach retirement age receive pensions in a lump sum instead.

3. receive a one-time pension.

To put it simply, another name of one-time pension is "personal account repayment", because one-time pension is the expense returned to personal account because the personal social security payment period is less than 15 years, so it is also called receiving one-time pension, and only the expenses paid by individuals are returned, and the part borne by the unit is not returned. Therefore, it can be called a pension, or it can not be called a pension, because it is still the part of the expenses paid by individuals, but it is counted as interest.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.