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Provisions on the payment period of social security pension
Legal analysis: social security needs to be paid cumulatively for 15 years, and social security benefits can only be enjoyed after the legal retirement age. Social security payment/kloc-can be stopped after 0/5 years. If there is a unit that has paid 15 years, but the employees have not retired, the enterprise will continue to pay until retirement; Individuals who pay social security can stop paying or continue to pay. According to the local policy, they will definitely continue to pay high salaries. Endowment insurance follows the principle of "pay more and get more". The higher the payment base, the longer the service period, and the more pensions you receive when you retire.
Legal basis: Individuals who participate in the basic old-age insurance according to the Social Insurance Law of People's Republic of China (PRC) will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid the accumulated contributions for 15 years. In other words, the minimum payment period stipulated in the endowment insurance is 15 years. However, the longer the payment period, the larger the payment base, and the more pensions you receive after retirement.
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