What's wrong with residents' endowment insurance storage?

Legal analysis: 1. When an individual stops paying endowment insurance for a certain period of time, his personal account of endowment insurance will be sealed during this period. It is said that it has been sealed for five years, that is, it has not paid pension insurance for five years. In this way, the payment period is less than five years, and the pension received when the retirement conditions are met is also relatively small (less pay and less get). Second, due to the change of work place, the personal account of endowment insurance in the original work place is sealed (if it is not transferred to the personal account of endowment insurance in the new work place in time), but when it reaches retirement age, the balance of the sealed personal account of endowment insurance should be transferred to the last established personal account of endowment insurance. The sealing of this situation does not affect the pension after retirement.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Tenth employees should participate in the basic old-age insurance, the basic old-age insurance premiums paid by the employer and employees. 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.

Eleventh basic old-age insurance to implement the combination of social pooling and individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.