What is the difference between social security contributions for 20 years and less than 20 years?

The difference between social security contribution 15 and 20 years mainly lies in the different social pensions that can be received after retirement.

The longer the general social security payment time is, the higher the payment standard is, and the larger the amount of social pension that the insured can receive after reaching retirement age.

Social insurance is the most important part of the social security system.

Social insurance refers to the system that the state establishes a social insurance fund through legislation to give necessary material help to workers who participate in labor relations when they lose their ability to work or are unemployed. Social insurance is not for profit.

Social insurance is mainly through raising social insurance funds, coordinating and adjusting social insurance funds within a certain range, and giving necessary help to workers when they encounter labor risks. Social insurance provides basic living security for workers. Workers can enjoy social insurance benefits as long as they meet the conditions for enjoying social insurance, that is, they have established labor relations with employers or paid various social insurance premiums according to regulations. Social insurance is the core content of social security system.

What is social security?

Social security, that is, social insurance, refers to the income or compensation guarantee provided for those who are unable to work, temporarily unemployed or suffer losses due to health reasons. The main items of social security include endowment insurance, maternity insurance, unemployment insurance, medical insurance and industrial injury insurance.

To sum up, there is a big difference. Social security has been paid for 20 years, and medical insurance has also been paid for 20 years, which has met the requirements of medical insurance in some areas for 20 years. However, under 20 years, medical insurance still needs to be paid, and it needs sexual intercourse or deducted from the pension every month.

Legal basis:

Article 2 of People's Republic of China (PRC) Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

Article 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.