Social security contributions are extended to 30 years.

I believe concerned friends will find that great changes have taken place in China since this year, whether it is pension or medical insurance. The reason for this change is that the population of China is aging day by day. In order to make the old people live better in their later years and make the social security fund better, some corresponding policies must be introduced. For example, delayed retirement has been put on the agenda this year, as well as national pension planning and so on.

Recently, some people say that the payment period of social security should also be changed and will be extended appropriately. Some people even say that it should be changed to 25 to 30 years. So is this statement true?

In the tenth five-year plan, the state did mention that the minimum payment period of social security should be appropriately extended. However, there are no specific regulations on how many years and how to extend them. However, the director of the World Social Security Center of China Academy of Social Sciences once said that the minimum basic pension payment period should be increased by10 ~ 15 on the basis of15. It is pointed out that if the laborer starts to find employment at the age of 30, then according to the existing system, paying the basic old-age insurance 15 is considered as 45 years old. 45-year-old employees actually have the time and conditions to continue to pay social security. In other words, it is very likely that the payment period will be extended in the future, but there is no accurate regulation on how many years. So if someone says that the minimum payment period of social security has been changed to 25 or 30 years, it must be false news.

Now it is widely rumored on the Internet that the payment period of social security will become 25 to 30 years. It is very likely that some people confuse the payment period of endowment insurance with the payment period of medical insurance. Because at present, the payment period of medical insurance in many areas has been changed to 25 or 30 years. For on-the-job employees, if they want to enjoy the lifelong treatment of medical insurance, they need to have the payment period of medical insurance when they retire. Many areas are not 15. Generally speaking, female employees have 25 years and male employees have 30 years. Especially after entering 2022, many places that used to be 15 have also changed the minimum payment period of medical insurance.

But this does not mean that the pension insurance will be changed to 25 or 30 years like medical insurance, because the treatment of pension insurance and medical insurance is different. Medical insurance benefits are paid in the same year, and you can enjoy the benefits in that year. It can be said that the cost is recovered while paying. But endowment insurance is different. To put it bluntly, endowment insurance is a process of accumulation, which is stressful for the insured. Therefore, although the state proposes to extend the payment period of endowment insurance appropriately, it is absolutely impossible to increase it by ten years or 15 years at one time. If this is really done, it may be good for on-the-job workers, but it is definitely stressful for flexible employees or urban and rural residents to pay fees.

From the analysis here, I believe everyone understands that it is indeed a trend to increase the minimum payment period of endowment insurance in the future, but how many years it will be increased is still unknown. Because of this, everyone can also put their hearts in their stomachs. At present, the state has not issued relevant policies, and everyone can still retire normally according to 15.