Social security has long been an important guarantee for people's daily work and life. What effect will it have?

After the social security payment reaches 15, you can receive the retirement pension. At present, the definition of retirement age in China is: for those who pay social security for employees, the legal retirement age is 60 for men and 55 for women. For those who pay social security for urban and rural residents, the legal retirement age is 60 for men and 60 for women.

At present, the policy of buying a house in many cities is linked to the payment period of social security, especially in first-and second-tier cities. For example, foreigners who want to buy a house in Beijing must pay social security for five consecutive years. In addition to buying a house, it will also be affected by social security contributions such as buying a car and enrolling in school. For example, if you want to buy a car, you have to pay social security for 5 years; Children who want to go to school have to pay 1 year.

The payment of social security will affect the retirement policy. According to China's "Interim Measures for the Management of Individual Accounts of Employees' Basic Old-age Insurance", you can enjoy lifelong social old-age insurance only if you retire after paying enough 15 years. Although 15 years can be accumulated, if it is terminated, even if it is finally renewed, the pension payment will be reduced by many points, and the salary after retirement will also be reduced.

Basically, pension benefits will get worse. Endowment insurance is the most basic endowment insurance benefit for social development. It always follows the standard of paying more and getting more. As long as the insured reaches retirement age, he can receive the accumulated payment of 15 years.

However, if we break off diplomatic relations halfway, it will not only affect the total minimum payment period, but also lead to the phenomenon of not enjoying pension benefits. In addition, it will greatly affect the total amount of endowment insurance. At that time, it will be very unfavorable when calculating the retirement policy, and the quality of life of the elderly will be affected.

In addition, Article 18 of the Social Insurance Law requires the state to establish a normal pension adjustment and management mechanism, and will appropriately raise the level of basic old-age insurance benefits according to the situation of rising social wages and soaring prices. However, in the annual pension adjustment plan, retired workers with long payment years can enjoy preferential treatment, and the longer the payment time, the greater the price increase. Therefore, it is strongly recommended that you break off diplomatic relations halfway.