The old-age insurance is broken. Will it be paid in vain before?

The payment of endowment insurance is interrupted, and the previous part will not be paid in vain. Endowment insurance is a social security system, which aims to provide financial support for retired elderly people. In most countries, the old-age insurance plan usually includes two parts: personal account and public fund. The funds in personal accounts are accumulated when individuals pay endowment insurance, while public funds come from government taxes or other income.

When individuals stop paying endowment insurance, public funds may be affected, but the funds in personal accounts still belong to individuals. These funds can be used to pay pensions or withdraw after retirement. In some countries, funds in personal accounts can also be transferred or inherited within a certain period of time.

It should be noted that there are differences in pension insurance systems in different countries and regions, and the specific provisions and operation methods may also be different. Therefore, before suspending the payment of endowment insurance, it is recommended to consult local social security institutions or relevant departments to understand the relevant regulations and operational procedures.

To sum up:

After the payment of endowment insurance is interrupted, the previous part will not be paid in vain. The funds in personal accounts are still owned by individuals and can be used to pay pensions or withdraw after retirement. However, it should be noted that some Public Offering of Fund may be affected, and the specific regulations and operation methods may vary from country to country. Therefore, before suspending the payment of endowment insurance, it is recommended to consult local social security institutions or relevant departments to understand the relevant regulations and operational procedures.

Legal basis:

Article 16 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid 15 years at the statutory retirement age."

Article 4 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "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 and interests records, and require social insurance agencies to provide social insurance consultation and other related services."