Shenzhen social security does not pay pensions.

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Social security is cumulative. If you don't pay for a period of time, the social security paid before will not disappear and can still be accumulated.

Social security includes:

1, endowment insurance

2. Medical insurance (comprehensive outpatient medical insurance, inpatient medical insurance and migrant workers' medical insurance)

3. Maternity insurance

4. Work injury insurance

5. Unemployment insurance

In social security, old-age insurance, medical insurance, maternity insurance and unemployment insurance are all accumulated contributions, and the number of years will not be recalculated, while work-related injury insurance is only effective in the insured state.

Social insurance law

Fifteenth 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.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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.