How many years does social security pay?

Accumulated payment of basic old-age insurance 15 years, and accumulated payment of basic medical insurance for 20 years.

In the same city, the cumulative payment of basic old-age insurance is 15 years, and the cumulative payment of basic medical insurance is 20 years. When retiring, the minimum basic pension will be issued according to the standard of the city where the payment is made, and the medical insurance standard of the city where the payment is made will be implemented.

Migrant workers, in every city, the basic old-age insurance and basic medical insurance are not enough years, but in all cities, the cumulative payment of basic old-age insurance is 15 years, and the basic medical insurance is 20 years, so the basic pension is paid according to the local standard of their domicile, and the medical insurance standard of the domicile is implemented.

For employees, payment is a mandatory obligation stipulated by law. As long as you are employed in an employer, you should pay in accordance with state regulations. At the same time, because the basic pension enjoyed by individuals is related to the individual payment period, the longer the payment period and the larger the payment base, the more pensions will be received after retirement.

Compulsory savings pension insurance?

There are two types of compulsory savings: Singapore model and Chile model.

(1) The Singapore model is a provident fund model. The main feature of this model is to emphasize self-protection, establish individual provident fund accounts, and workers and employers jointly pay old-age insurance premiums during their employment. After retirement, workers will receive their pensions completely from their personal accounts, and the state will no longer pay pensions in any form. The funds in the personal account can be collected in one lump sum or in installments after retirement.

The state manages and operates personal account funds through the central provident fund bureau, which is a micro-financing model. In addition to Singapore, some developing countries such as Southeast Asia and Africa have also adopted this model.

(2) As another type of compulsory savings, the Chilean model also emphasizes self-protection and adopts the personal account model. However, different from the Singapore model, the management of personal accounts is completely privatized, that is, personal accounts are handed over to self-financing private pension insurance companies and the minimum pension insurance system is implemented. This model was introduced to Chile in 1980s, and was followed by some Latin American countries. The biggest feature of the compulsory savings endowment insurance model is that it emphasizes efficiency and ignores fairness, so it is difficult to reflect the security function of social insurance.

Legal basis:

"Social Insurance Law of People's Republic of China (PRC)" Article 16 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 at 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; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

Article 4 Employers and individuals in People's Republic of China (PRC) shall pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Fifth people's governments at or above the county level shall incorporate social insurance into the national economic and social development plan. The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance. The state supports social insurance through preferential tax policies.

Article 6 The State exercises strict supervision over social insurance funds. The State Council and the people's governments of provinces, autonomous regions and municipalities directly under the Central Government shall establish and improve the supervision and management system of social insurance funds to ensure the safe and effective operation of social insurance funds. People's governments at or above the county level shall take measures to encourage and support all sectors of society.