The difference between social security contribution 15 and 20 years.

The difference between social security contribution 15 and 20 years is as follows:

1, different treatment

15 pension insurance is not as good as 20 years. Because the longer the payment time, the better the treatment.

2. The accumulation of funds is different.

Personal account funds accumulated more after 20 years of payment. The money collected in the future is a personal account, which is calculated according to the fund base and overall funds of the personal account.

3. Interest is calculated in different ways.

(1) The basic old-age insurance premium is jointly paid by enterprises and individual employees: enterprises pay according to a certain proportion of the total average monthly salary of employees in the previous year, and individual employees pay according to a certain proportion of the average monthly salary of employees in the previous year (generally 8%).

(II) Urban individual industrial and commercial households, flexible employees and laid-off workers from state-owned enterprises who participate in the basic old-age insurance in their personal capacity shall pay the basic old-age insurance premium at a rate of 20% based on the average social wage of their province in the previous year, all of which shall be borne by themselves.

Legal basis:

Article 15 of the Social Security Law of People's Republic of China (PRC)

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Article 16

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.