What is the impact of a one-year pension suspension?

One-year retirement has the following effects:

1, the amount that affects the payment period and pension: the pension insurance needs to be paid for 15 years, and the pension can only be received after retirement. If the number of contributions in a year is not up to standard, the pension can not be collected and can only be paid back. Because the payment period is less than 15, it will affect the monthly pension amount after retirement;

2. Service years are not calculated when the service is interrupted: the service years of the insured are not calculated during the interruption of payment of endowment insurance, which will have a certain impact on future wages;

3. Affect the handling of personal affairs: people from different places must pay social security for a certain number of years if they want to be qualified to buy a house, a car or settle down. The severance of endowment insurance means the interruption of the continuous payment period of social security, then these qualifications are lost.

Endowment insurance refers to:

Social endowment insurance, the full name of social endowment insurance, consists of basic pension paid by social pooling fund and personal account pension. It is an important part of the social security system and one of the five most important social insurances. It is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state or quit their jobs because of old age.

To sum up, the parties who have suspended their pension for one year cannot enjoy the corresponding medical insurance benefits during this period; Its pension insurance and other payment years will also be interrupted; The time limit for the parties to enjoy pension insurance benefits will also be postponed.

Legal basis:

Article 11 of the Social Insurance Law of People's Republic of China (PRC)

The basic old-age insurance combines social pooling with 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 its 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.