Jiangsu social security payment cycle

15. 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.

Social insurance funds include basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council. It should be noted that the minimum payment period is 15 years, which does not mean that you can not pay 15 years. For employees, payment is a mandatory obligation stipulated by law. As long as you are employed in an employer, you should pay in accordance with state regulations. At the same time, the individual's enjoyment of the basic pension is directly related to the individual's payment period. The longer the payment period, the larger the payment base, and the more pensions you receive after retirement.

According to China's medical insurance system, the insured can enjoy relevant medical insurance benefits after retirement and no longer pay medical insurance premiums. However, the payment period of this medical insurance is not uniform everywhere, generally ranging from 20 to 30 years, and the payment parameters are different. If the relationship between off-site employment and medical insurance cannot be transferred and accumulated, it may affect the future retirement medical insurance benefits. It should be noted that the "cumulative payment" mentioned here refers to the payment of basic medical insurance premiums for employees according to the years stipulated by the state, but does not include the payment years of the basic medical insurance system for urban residents and the new rural cooperative medical system.

Legal basis:

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

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.