Can social security be paid cumulatively?

Social security is not a renewal, but a cumulative payment. For example, individuals who participate in the basic old-age insurance will receive a basic pension on a monthly basis if they have paid for 15 years at the statutory retirement age; Individuals who participate in the basic medical insurance for employees will not pay the basic medical insurance premium after retirement if the cumulative payment reaches the prescribed period of time by the state when they reach the statutory retirement age.

I. Social insurance

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Second, is social security accumulated?

The Social Security Bureau said that migrant workers' cross-provincial employment can transfer social security relations, personal accounts and payment years; However, the payment period of employee social security can be realized by transferring social security relations across cities in the province, which should be mutually recognized and calculated cumulatively.

The relevant person in charge of the Municipal People's Social Security Bureau said that at present, the city is also implementing the inter-provincial transfer social security policy according to the relevant documents issued by the Provincial People's Social Security Department. The regulations require that migrant workers can transfer social security relations when they are employed across provinces, and their personal accounts and payment years can be transferred with them, but the inter-provincial payment years of medical insurance cannot be calculated cumulatively for the time being.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 27

Individuals who participate in the basic medical insurance for employees will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with the provisions of the state if they reach the statutory retirement age and the accumulated payment has reached the fixed number of years stipulated by the state; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.