What if the old-age insurance is broken?

What if the old-age insurance is broken?

1. Keep paying. There are two ways to continue to pay fees, one is to pay fees, and the other is to pay fees for flexible employees.

Once the insured person resigns, the original unit will no longer pay the old-age insurance for him. If it is an insured person who resigns temporarily, he can continue to pay by withholding. You can hand over the old-age insurance handbook, the old-age insurance personal account registration card and the old-age insurance personal account seal to a third party and entrust it to pay social old-age insurance on its behalf. The payment standard is the same as that of the original unit.

If the insured person does not intend to work in the short term, he can continue to pay in the name of flexible employees. Flexible employees only pay endowment insurance and medical insurance, and pay according to the payment standard of flexible employees. Different regions have different payment standards, which shall be subject to the local conditions.

2. Pension

If the insured person needs to work in a different place and need to renew his insurance in a new unit, then he needs to go through the formalities of transferring the old-age insurance. The insured shall submit an application form for the transfer and continuation of the old-age insurance relationship to the social security institution in the transfer place, and provide the basic old-age insurance payment certificate and other materials issued by the social security institution in the transfer place. The social security institution of the transfer place shall review the data, issue a contact letter for the transfer and continuation of the basic old-age insurance relationship for eligible applications, and send it to the original insured place.

The interruption of endowment insurance has little effect on the payment period, but the amount of personal account is not calculated. The insured can choose to continue to pay and remit or turn to flexible employees to pay. If you go to work in a different place, you need to go through the formalities of pension insurance transfer.

What is the impact of the interruption of pension insurance?

For many office workers, job-hopping is a normal thing. But in the process of changing jobs, the old-age insurance will be interrupted for a period of time. Some people may think, what will be the impact of the interruption of pension insurance?

Judging from the payment period, the state stipulates that the insured must pay the old-age insurance 15 years and reach retirement age before they can start receiving the old-age insurance every month. Among them, the payment 15 refers to the cumulative payment period, not the continuous payment period. Therefore, the interruption of endowment insurance has little effect on the payment period.

From the personal account of endowment insurance, once the insured person stops working and fails to pay the endowment insurance premium, the payment period will not be calculated during the interruption period. The amount in the personal account is retained by the social security agency, and the amount stored in the personal account is calculated continuously.

Generally speaking, the impact of pension insurance interruption is relatively small, but it does not mean that pension insurance can be interrupted at will. If the insured has not paid 15 years by the retirement age, he needs to pay it before he can receive the insurance money.

In addition, the more years the insured pays, the larger the payment base, and the more old-age insurance money will be obtained in the future, and the interruption of old-age insurance will lead to the reduction of the old-age insurance payment period, thus affecting the amount of pension.

Legal basis:

People's Republic of China (PRC) Social Insurance Law;

Chapter II Basic Endowment Insurance

Tenth employees should participate in the basic old-age insurance, and employers and employees should pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.