Can social security be paid for one year?

Characteristics of social security:

The objective basis of social insurance is the risks existing in the labor field, and the object of insurance is the laborer himself;

The subject of social insurance is specific. Including workers (including their relatives) and employers;

Social insurance is compulsory insurance;

The purpose of social insurance is to maintain the reproduction of labor force;

Insurance funds come from contributions and financial support from employers and workers. Insurance coverage is limited to employees, excluding other social members. The insurance coverage is limited to all kinds of risks in labor risks, excluding other risks such as property and economy.

The main contents of the basic old-age insurance system combining social pooling with individual accounts;

1984, China began to explore the reform of the original old-age insurance system. 1997, a basic old-age insurance system was established (hereinafter referred to as the unified account old-age insurance system).

The goal of the system is only to provide basic living security for the insured, and the wage replacement rate of pension will be gradually reduced from nearly 100% before the reform to about 60%;

The system combines social pooling with personal accounts, which embodies the combination of fairness and efficiency;

The cost of this system is shared by enterprises and employees;

The system implements a financial system that combines pay-as-you-go and accumulation;

The payment of basic old-age insurance consists of basic pension and personal account pension, and the payment condition is that the individual payment period is accumulated to 15 years.

Remarks: Social insurance refers to the system that the state establishes a social insurance fund through legislation to provide necessary material assistance to workers who participate in labor relations when they lose their ability to work or are unemployed. Social insurance is not for profit. Social insurance is mainly through raising social insurance funds, coordinating and adjusting social insurance funds within a certain range, and giving necessary help to workers when they encounter labor risks. Social insurance provides basic living security for workers. Workers can enjoy social insurance benefits as long as they meet the conditions for enjoying social insurance, that is, they have established labor relations with employers or paid various social insurance premiums according to regulations. Social insurance is the core content of social security system.