New social security regulations introduced, social security did not pay 15 years of people "blessed", all dealt with in this way

New social security regulations have been introduced, and those who have not paid social security for 15 years are "blessed", all dealt with in this way

Social security is of great significance to most people in China, enabling them to work actively when they are young, to receive state pension benefits when they retire, and to live a leisurely life in their old age.

However, when it comes to social security payments, many will encounter several problems, including delays in social security payments.

If your pension hasn't been fully paid for 15 years, there's no way to meet Social Security requirements.

However, there is no need to panic.

Starting this year, there's a clear solution for those who haven't paid Social Security contributions for 15 years.

Catching up

There are generally two ways to catch up: a very convenient one-off payment.

However, many people may not be able to make a one-time payment because of the higher fees and late fees.

Not everyone qualifies for a lump sum.

In addition to a lump sum, you may want to consider making annual catch-up payments to ensure that you receive your regular pension until you retire by paying your current year's Social Security contributions each year.

Postponing retirement

If you feel that paying your own catch-up contributions is less cost-effective than paying with your company, this is because if you work for a company, the company will contribute a percentage of your personal social security amount, while you'll have to pay a portion.

If you don't have a company, the amount you pay on your own will be much higher.

However, the call for delayed retirement allows employees who have not been on Social Security for 15 years to apply to their companies for delayed retirement if their own health allows them to continue working.

However, they can delay their retirement for up to five years.

By delaying retirement, the employee gets his/her regular monthly paycheck and the company can continue to pay social security contributions, which is a good thing for both parties.

Transitioning to Resident Social Security

Some people may still think they don't want to work anymore, but they can't collect their retirement benefits until they've paid for 15 years.

There are ways to convert from Employee Social Security to Resident Social Security.

If you switch to the Resident Social Security program, you will pay fewer retrospective contributions, but you also have to accept that your pension benefits in retirement will be less than they would have been if you had been in the Employee Social Security program.

Giving up Social Security.

If this is not possible, you must give up your Social Security benefits.

Giving up Social Security is a hopeless option.

If we don't have to do that, we shouldn't give up Social Security so easily.

China's pension benefits are gradually improving, and as China continues to develop and build, investment in pensions will grow.

Of course, if you don't want to give up your social security contributions and receive a pension, the pre-paid social security contributions won't go to waste and can be withdrawn, which can also be a significant expense.

If the above solution works this year, your friend who hasn't participated in social security for 15 years won't have to worry.

But giving up Social Security really isn't a good idea.

For young people on Social Security, it's important to start making payments as soon as possible to ensure as much continuity as possible, and to try to find a solution if there is continuity.

Don't rush into retirement! How about.