What does social security mean as payment?

The meaning of social security as payment is as follows:

1, the deemed payment period refers to the continuous working time calculated according to national regulations before the actual payment period of all the working years of employees;

2. Before the implementation of the system of joint payment of basic old-age insurance premiums by enterprises and individual employees, the time calculated as continuous length of service in accordance with state regulations can be regarded as "deemed payment period" and can be combined with the actual "payment period" to calculate and pay old-age insurance benefits;

3. In addition, after the formal employees of government agencies and institutions are transferred to enterprises, they should participate in the basic old-age insurance for enterprise employees, and their original working years are regarded as payment years; Demobilized veterans and urban educated youth who go to the countryside are recruited as contract workers and participate in basic old-age insurance, and their length of military service and rural areas are calculated as continuous length of service according to state regulations, which can be regarded as the payment period.

Legal basis: Article 4 of People's Republic of China (PRC) Social Insurance Law.

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 13

Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.