How many years can the 40-year-old social security in Shanghai be halved?

Generally speaking, the application period for 4050 social security subsidy is three years. If a woman is 45 years old and a man is 55 years old, there will be no subsidy until retirement (that is, up to five years). The maximum subsidy period for people with employment difficulties shall not exceed 6 years.

Social security generally refers to social insurance. Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons.

Enterprises provide social insurance for employees as follows:

1. To open an account for social security, the enterprise needs to go to the Social Security Bureau to open an account for social security within 30 days from the date of establishment. You will get a social security registration certificate after opening an account.

2. Increase or decrease the number of employees. Every month, the company will add new employees to the company's social security account and delete employees who have left the company from the account. Social security account is an independent account, and the operation of adding or deleting employees must be carried out in the account.

3, confirm the payment base, the unit needs to declare the correct social security payment base for employees every month to ensure the normal payment of social security. The payment base of social security is based on the average salary of employees in the previous year or the salary in the first month of employment.

4. Social security payment. Enterprises, banks, social security management agencies signed a bank payment agreement, the monthly fixed time directly deducted from the enterprise bank account social security fees. Of course, enterprises can also choose to go to the Social Security Bureau to pay in cash or by cheque.

Legal basis:

Labor law of the people's Republic of China

Article 10

The state creates employment conditions and expands employment opportunities by promoting economic and social development.

The state encourages enterprises, institutions and social organizations to set up industries or expand their operations within the scope prescribed by laws and administrative regulations to increase employment.

The state supports laborers to organize themselves voluntarily for employment and engage in self-employment to achieve employment.

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

Article 61

Social insurance premium collection agencies shall collect social insurance premiums in full and on time according to law, and regularly inform employers and individuals of the payment.