Korean social security

If you retire in the first half of the year, you must wait until the introduction of the social security base in May to calculate the pension, so you need to wait until July to receive the pension, and then try to log in in in August.

1, endowment insurance: endowment insurance, the full name of social basic endowment insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

2, the role of endowment insurance:

1) is conducive to social security and stability: endowment insurance provides basic living security for the elderly and makes them feel safe. With the arrival of the aging population, the proportion of the elderly population is increasing and the number is increasing. Old-age insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable number of people in society. For on-the-job employees, participating in endowment insurance means that they have expectations for their future old-age life and are free from worries. In terms of social mentality, more people are stable and less impetuous, which is conducive to social stability.

2) It is conducive to promoting economic development: many countries design pension insurance systems to link fairness with efficiency, especially the partial and complete accumulation pension fund raising model. The amount of pension received by workers after retirement is directly related to their wage income and payment during their on-the-job work, which can undoubtedly stimulate workers to work actively during their on-the-job work and improve efficiency.

3) It is conducive to ensuring the reproduction of the labor force: the establishment of the endowment insurance system is conducive to the normal intergenerational replacement of the labor force, the retirement of the elderly, the smooth employment of the newly increased labor force, and the rationalization of the employment structure.