How many years will social security be paid?

Endowment insurance 15 years later. Men must pay for 25 years, women must pay for 20 years, and they can enjoy retirement medical insurance after retirement. After retirement, individuals and units will no longer pay the basic medical insurance premium.

1. Social insurance refers to a non-profit social security system with income redistribution function, which aims to prevent and force most members of society to participate.

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Second, the calculation of social insurance premiums:

Social insurance must work out a certain proportion of the insured's burden according to the probability of various risk accidents and the total payment expenditure estimated in advance according to the payment standard as the standard for determining the insurance rate. Moreover, unlike commercial insurance, the calculation of social insurance rate needs to consider more social and economic factors besides risk factors in order to obtain a fair and reasonable rate.

Third, according to the current policy:

1. 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.

2. 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.

3 in all cities, the basic old-age insurance and basic medical insurance payment is insufficient, when retirement, according to the local social security payment base of the year to supplement the basic old-age insurance and basic medical insurance.

4. According to the latest reform plan, from 20 15, the retirement time will be extended by one year every three years. By 2030, the retirement age of male workers in China will be extended to 65 years, and the retirement age of women will be extended to 60 years.

(15 years is the minimum basic pension. The longer the payment period, the more you pay. )

Pension: (when retiring, the average monthly salary of local employees in the previous year is indexed by the average monthly payment salary) /2× payment period × 1% personal account balance at the time of first collection/calculation months.

legal ground

Article 2 of the Social Insurance Law

When individuals who participate in the basic old-age insurance for employees reach the statutory retirement age, if the accumulated payment is less than fifteen years, the payment may be extended to fifteen years. After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years.

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of 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; 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.