What's wrong with paying social security one year late?

Legal analysis: the problem is not big.

1. The difference between early payment and late payment of social security mainly lies in the positive correlation between the payment period and pension benefits.

2. The longer the payment period, the more the payment, and the higher the pension benefits, which is the general law of the social endowment insurance system. China's social pension benefits include basic pension and personal account pension. After the insured pays 15 years, the basic pension benefits will increase 1 percentage point for each full year.

3. All personal contributions are included in his personal account. Whoever has a large amount of deposits in his personal account can get a high pension every month. Even if the savings are exhausted, as long as the insured person is still alive, the state promises to continue to pay according to this standard until his death. Therefore, the general payment 15 years is not the most cost-effective.

4. The payment period determines the initial pension level in the first month after retirement and serves as the base for future adjustment. According to the regulations, with the increase of wages and prices, the pension will be adjusted according to the initial pension. The higher the initial pension, the greater the adjustment.

Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. To ensure citizens' right to receive material assistance from the state and society in accordance with the law in cases of old age, illness, work injury, unemployment and maternity.