The new social security regulations began in July 2022 1.

The new provisions of the Social Security Law of 2022 are as follows:

1. The social insurance premium will be collected by the national tax department in a unified way, instead of being handed over to the social security department of the insured place.

2. At present, China has abolished the requirement of centralized certification for receiving social insurance benefits, and fully implemented social insurance information and remote service.

3. People have also adjusted the social insurance payment base for flexible employees.

4, gradually cancel the one-time payment, annual payment. Simply put, it is normal retirement, but individuals pay social security until they pay 15 years, and then receive pensions.

The new provisions for lump-sum payment of social security in 2022 are as follows:

One-time payment personnel also need to meet two conditions:

First, holding the household registration of local residents;

2. The working years of establishing labor relations with various employers in this Municipality shall be before July of 20 18 and 1 year. The starting time for the employer to apply for one-time payment shall be determined according to the month when the basic old-age insurance system for enterprise employees is implemented locally.

Legal basis:

People's Republic of China (PRC) social insurance law

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid 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.