Is the social security payment period equal to the length of service?

Is the social security payment period equal to the length of service?

Social security payment period and length of service are not exactly the same.

Length of service usually refers to the working years of employees in the employer, while the social security payment period refers to the years when the insured actually pays social insurance premiums. In general, the longer the social security payment period, the better the social insurance benefits employees can get after retirement. However, the social security payment period is not equal to the length of service, because some employees may have worked in one or more employers, but not every employer pays social insurance premiums for them.

In addition, even if employees work in the same employer, employees will enjoy different social insurance benefits after retirement because of different salaries and benefits for different positions, positions and titles. Therefore, employees should pay attention to their length of service and years of social security contributions before retirement, and know their social security contributions in time so that they can get better social insurance benefits after retirement.

To sum up:

There is a certain correlation between the years of social security payment and the length of service, but they are not exactly the same. Length of service refers to the working years of employees in the employer, and the social security payment period refers to the years when the insured actually pays social insurance premiums. Workers should pay attention to their length of service and years of social security contributions in order to get better social insurance benefits after retirement.

Legal basis:

Article 16 of the Social Insurance Law of People's Republic of China (PRC) stipulates: "Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid 15 years at the statutory retirement age." This article stipulates that individuals who participate in the basic old-age insurance need to pay 15 years before they can receive the basic old-age pension on a monthly basis.