Is two years of work experience 24 months of social security?

Two years of work experience is 24 months of social security. you join the work entry procedures are completed, the enterprise unit and you signed a labor contract, from that time you are the enterprise workers, your years of service in the effective date of the labor contract began to calculate the enterprise in a timely manner in accordance with the contract for you to handle the increase in social security, so the payment of a long time of social security even when the length of time of the service.

Importance of social security

Social security is in fact another way of distributing wealth. Taking employee pension insurance as an example, the pension is approved at 60% to 300% of the basic social pension insurance contribution base. However, when calculating the basic pension, 60% of the contribution period is calculated on a 12-month basis, and you can receive 0.8% of the average social wage before retirement after retirement. Generally speaking, the base of the contribution period is our income level, which means that the gap between the pension entitlements is twice as small as the gap between our incomes.