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What is the difference between accumulated length of service and accumulated payment period?
legal ground
Article 38 of the revised draft of the Detailed Rules for the Implementation of the Labor Insurance Regulations
General length of service refers to the working hours of employees whose wage income is their whole or main source of livelihood. When calculating the general length of service, it should include the length of service of the enterprise.
Article 16 of the Social Insurance Law
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.
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