The impact of the number of years of social security contributions on the pension

The impact of the number of years of social security contributions on the pension is as follows:

1. The calculation of the pension is closely related to the number of years of social security contributions made by an individual; the longer the number of years of contributions, the more pension you will receive after retirement;

2. The legal minimum number of years of contributions is 15 years, but it does not mean that you can stop making contributions after 15 years of contributions;

3. Continuing to make social security contributions after meeting the minimum number of years can increase the amount of pension you will receive after retirement;

4. Social security, can increase the amount of pension after retirement;

4, for the case of not meeting the minimum number of years of contributions, you can choose to make a one-time retroactive contributions to meet the conditions for receiving a pension.

Types of social security:

1. Pension insurance;

2. Medical insurance;

3. Unemployment insurance;

4. Workers' compensation insurance;

5. Maternity insurance.

Social security, as a collective term for China's five major social insurances, covers the five different types of insurance mentioned above, each with its own unique function and role. Pension insurance aims to provide basic financial security for life after retirement; medical insurance reduces the financial burden caused by illness; unemployment insurance provides basic living expenses and support for vocational training during periods of unemployment; work injury insurance provides medical expenses and living subsidies for employees injured at work; and maternity insurance protects basic medical expenses and living subsidies for female workers when they give birth.

In summary, the amount of personal pension is directly related to the number of years of social security contributions, not only need to meet the legal minimum contribution period of 15 years, but also the longer the number of years of contributions, the amount of pension after retirement will increase accordingly, for individuals who have not reached the minimum number of years of contributions, but also through a one-time retroactive payment to meet the conditions for receiving.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 13

Before state-owned enterprises and institutions employees participate in the basic pension insurance, the basic pension insurance premiums payable during the period of deemed contribution years shall be borne by the government.

The government shall subsidize the basic pension insurance fund in the event of a shortfall in payments.

Article 18

The State establishes a normal adjustment mechanism for basic pensions. The level of basic pension insurance benefits shall be raised in due course in accordance with the growth of the average wage of employees and the rise in prices.