Job Recruitment Website - Social security inquiry - What if social security has not been paid for five years?
What if social security has not been paid for five years?
The minimum payment period of endowment insurance is 180 months, that is, 15 years. You can pay more, and when you retire and adopt the old insurance money, you can get more. Endowment insurance can accumulate payment years, that is, intermittent payment is allowed.
Employees who participated in endowment insurance before stopped paying endowment insurance premiums due to changes in labor relations, which is called interruption of insurance relations, also known as insurance termination.
The impact of insurance interruption on employees;
1. Retirement benefits will be reduced due to the reduction of payment period and payment amount. Some people whose payment period is less than 15 will be disqualified from receiving monthly pension.
2. Affect re-employment. If the old-age insurance relationship is not transferred in time, then the new employment unit will not be able to pay the old-age insurance premium for you in time, which will damage its social insurance rights and interests.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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