What are the consequences of stopping paying social security?

The consequences of stopping paying social security are as follows:

1, which will seriously affect the future pension collection. The longer the interruption, the greater the pension loss;

2. If the length of service is not calculated during the interruption period, the length of service salary will be paid as usual;

3. There is no personal account deposit during the interruption period, and personal accounts will be reduced in the future, resulting in losses when calculating endowment insurance.

The conditions that individuals must meet to pay social insurance are as follows:

1, the insured has not reached the retirement age stipulated by law and has a local household registration, that is to say, the male is over 60 years old and the female is over 50 years old;

2, has been in accordance with the relevant provisions, for its pension insurance to continue to pay the staff;

3, the city's insured has been in accordance with the provisions of the state, to receive the basic old-age insurance benefits on a monthly basis, you can go through the formalities of full payment of social medical insurance premiums on a monthly basis. Different regions have different requirements for individuals to purchase social security, so if you want to know whether you can purchase social security, you can ask the local social security bureau in advance, or you can directly call the social security bureau customer service hotline 12333 for consultation.

To sum up, after the social security payment is cut off, the welfare benefits of medical insurance reimbursement will be affected first. Medical insurance is calculated monthly. Once the payment is cut off, the medical insurance benefits will stop from next month.

Legal basis:

Article 62 of People's Republic of China (PRC) Social Insurance Law

If the employer fails to declare the amount of social insurance premiums that should be paid according to the regulations, the amount that should be paid shall be determined according to 1 10% of the amount paid by the unit last month; After the payment unit completes the declaration procedures, the social insurance fee collection agency shall make settlement in accordance with the provisions.