What does it mean to pay social security 15?

Individuals who participate in the basic old-age insurance will reach the statutory retirement age, pay a cumulative fee of 15 years, and receive a basic pension on a monthly basis.

The old-age insurance payment is less than 15 years, so you can't get it. You must pay more than 15 years to qualify for the old-age insurance benefits.

It is conditional to continue to enjoy free medical insurance after retirement. For example, Beijing stipulates that women have sex for 20 years and men have sex for 25 years. After reaching retirement age, you can continue to enjoy employee medical insurance benefits without paying.

The requirements of this period vary from place to place, some are shorter and some are longer, but they are generally longer than 15. Please refer to local regulations for details.

The calculation formula of pension is:

Pension = basic pension+personal account pension

Basic pension = (last year's average monthly salary of employees in the province+my average monthly payment salary) ÷2× payment period × 1%

Personal account pension = personal account storage amount ÷ months.

From the formula, we can see that the pension is divided into two parts:

Part of it is personal account pension, which depends entirely on the amount of personal account storage;

The other part is the basic pension, the calculation of which is more complicated, but other variables such as "payment period" and "my indexed monthly average payment salary" are completely related to individuals except that "the average monthly salary of employees in the whole province last year" is linked to the economic level of the region.