Social security extends the payment period by 20 years.

Social security will not extend the payment period by 20 years.

The old-age insurance can receive a monthly pension when it has accumulated for 15 years. This law stipulates that it is uniformly applicable throughout the country. Medical insurance is generally paid for 20 to 30 years, and will continue to be reimbursed if it is not returned after retirement. According to the regulations of local social security bureaus, in other places, the years of men and women are different.

Social insurance has the following characteristics:

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 and employers; And it was compulsory insurance at that time; Its purpose is to maintain the reproduction of labor force; Finally, the insurance fund comes from the contributions and financial support of employers and workers. If the employer fails to pay social security in accordance with the regulations, then the employee can ask him to pay it back. Both parties can negotiate first. If negotiation fails, you can complain to the labor inspection brigade or apply for labor arbitration.

To sum up, social insurance refers to the system that the state establishes a social insurance fund through legislation to give necessary material help to workers who participate in labor relations when they lose their ability to work or are unemployed. Social insurance is not for profit. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.