Does social security break have an effect on buying a house

Legal analysis: Social security can be replaced after a break in contributions, but it will have an impact. Pension insurance requires a minimum of 15 years of accumulated contributions, and you can receive a monthly pension when you reach retirement age. If you break the payment in the middle can be renewed, but it may affect the pension benefits after retirement. Women who have contributed for 20 years and men who have contributed for 25 years are entitled to life-long medical insurance after retirement. If medical insurance is interrupted, you will not be able to enjoy medical insurance benefits during the interruption period. However, there is a buffer period from the date of interruption of medical insurance. If the insurance is not renewed for more than 3 months, the number of consecutive contribution years will be recalculated, and the amount of medical insurance reimbursement and the amount of medical insurance for major diseases will be affected. Once the social security payment is broken, in addition to the participant's contribution to the accounting, social security benefits to receive the "long term" results have an impact, in some cities, the participant in the short term to buy a house and car and settlement plans are more direct impact.

Legal basis: The Social Insurance Law of the People's Republic of China

Article 60 Employers shall declare and pay the social insurance premiums on their own, in full and on time, and shall not suspend or reduce the payment of social insurance premiums except for force majeure and other legal reasons. The social insurance premiums to be paid by employees shall be withheld and paid by the employer on behalf of the employees, and the employer shall inform the employees of the details of the payment of social insurance premiums on a monthly basis. Individual industrial and commercial households without employees, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons may pay social insurance premiums directly to the social insurance premium collection organization.

Article 62 If an employing unit fails to declare the amount of social insurance premiums to be paid in accordance with the regulations, the amount to be paid shall be determined in accordance with 110 percent of the amount of the unit's contributions for the previous month; after the contributing unit has made up for the declaration, the social insurance premium collection agency shall settle the bill in accordance with the regulations.

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