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How many years can social security buy?
If a company has paid 15 years, but the employees have not retired, the enterprise will continue to pay fees until retirement. Endowment insurance follows the principle of "pay more and get more". The higher the payment base, the longer the service life, and the more pensions you receive when you retire.
Social security is divided into social security for urban and rural residents and social security for urban workers. Residents' social security generally only includes two types of insurance: residents' old-age insurance and residents' medical insurance, while employees' social security generally refers to five insurances and one gold, which mainly has these functions:
Old-age insurance: after the payment period is over, you can receive a monthly pension after retirement. Of course, the principle you follow is that the more you pay, the more you get;
Medical insurance: As the name implies, it is medical insurance reimbursement. If hospitalized, medical expenses can be reimbursed;
Maternity insurance: it mainly includes two items: one is maternity allowance, and the other is maternity medical care. For example, prenatal examination and reimbursement of delivery expenses (at present, maternity insurance in most areas has been included in employee medical insurance);
Unemployment insurance: mainly refers to involuntary termination of employment. Before unemployment, if the employer and I have paid unemployment insurance premiums for one year, they can receive a sum of money as compensation every month;
Work-related injury insurance: if you are injured at work or suffer from occupational diseases, you can apply for work-related injury identification and get corresponding compensation;
Legal basis:
People's Republic of China (PRC) social insurance law
Article 2 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 in case of old age, illness, industrial injury, unemployment and maternity.
Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.
Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.
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