Does social security payment have an impact on retirement?

After employees retire, the local social insurance institutions will issue monthly pensions. Enterprises do not need to pay extra pensions, but some welfare subsidies are still paid by enterprises (non-social co-ordination projects). What are the so-called welfare subsidies? It is impossible to make it clear, because different places are different. It turns out that it is unreasonable for welfare subsidy enterprises not to give it, and it should be illegal (labor law). If an enterprise fails to purchase social security for its employees who have paid less than 15 years, when the employees retire, the enterprise shall pay the arrears, and the social insurance agency shall issue the pension on a monthly basis. Enterprises have no basis for issuing pensions.

Legal objectivity:

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