How many years is the most cost-effective social security payment?

How many years of social security payment is the most cost-effective, depending on the specific regulations of your place.

1, you can enjoy pension benefits after the social security payment period reaches 15;

2. Men need to pay 25 to 30 years, and women need to pay 20 to 25 years to enjoy lifelong medical insurance;

3. The longer the payment time, the higher the payment amount and base, and the higher the retirement benefits;

4. When you reach the statutory retirement age, you can only receive the basic pension after the cumulative payment of 15 years.

Advantages of social security payment period:

1, the longer the payment period, the higher the pension after retirement;

2. Social security includes not only endowment insurance, but also medical care, unemployment, work injury and maternity insurance. Long-term payment helps to obtain various guarantees;

3. In some areas, after the pension insurance payment period reaches a certain number of years, you can enjoy more medical insurance benefits, such as increasing the reimbursement ratio;

4. Long-term payment of social security helps to accumulate personal credit records and has a positive impact on applying for loans and visas;

In case of unemployment or work injury, those who pay social security for a long time can get longer-term economic compensation.

To sum up, according to the specific regulations of your place, the longer the social security payment period, the higher the pension you receive after retirement, and at the same time, you can get more protection in medical care, unemployment, work-related injuries, maternity and other aspects, enjoy more benefits, and accumulate personal credit records, which has a positive impact on loans and visas. Once you are unemployed or work-related, you can get longer economic compensation.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 15

The basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.