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What does social security pension stroke mean?
When a unit or individual pays social security (medical insurance) every month, the basic medical insurance premium paid by the individual is included in the personal account; Part of the basic medical insurance premium paid by the unit is used to establish the overall fund, and part of it is included in the personal account; The funds transferred to personal account will be displayed as "Transferred Amount" when queried.
Problems needing attention in social security and old-age care
Pension insurance must be paid for 15 years (including deemed payment) and reach retirement age (60 years for male employees, 50 years for female employees and 55 years for female cadres) before they can enjoy pension benefits.
If you pay less than 15 of the pension insurance at retirement age, the state will return all the 8% pension saved in your personal account to you when you retire.
The main factors that affect the pension level are: the average salary of local society in the last year before retirement, the level of payment base, the length of payment period and so on. The higher the payment base, the longer the payment period, and the more pensions you receive when you retire.
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