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Wuxi social security one-time payment
Pay back, according to the last year's average wage of employees in this city as the base of payment, of which 60% of the average wage of employees in this city in the above years is the base of payment, and enjoy the basic medical insurance benefits for retirees in this city after paying in full at one time. The specific amount is audited and calculated by the front desk staff.
Article 27 of the Social Insurance Law of People's Republic of China (PRC), if an individual who participates in the basic medical insurance for employees reaches the statutory retirement age and the accumulated payment reaches the fixed number of years stipulated by the state, he will no longer pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with the provisions of the state; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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