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How many years to buy social security
Legal analysis: According to China's relevant laws and regulations, social security needs to be purchased for a cumulative period of 15 years and the insured person reaches the retirement age in order to receive retirement pay. Social security is also known as social security insurance, in general, the formal work will require workers to buy social security, the employer will subsidize the workers to buy social security every month, and the workers together with the premiums, the workers pay the premiums will be deducted directly from the wages, social security includes five aspects, old age insurance, work injury insurance, maternity insurance, medical insurance and unemployment insurance.
Legal basis: Article 16 of the Social Insurance Law of the People's Republic of China Article 16 of the basic old-age pension insurance for individuals who have paid contributions for a total of fifteen years by the time they reach the legal retirement age, they will receive a basic pension on a monthly basis. Individuals who have participated in basic pension insurance and have contributed for less than fifteen years by the time they reach the legal retirement age may contribute until they reach the full fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social pension insurance or the urban residents' social pension insurance, and enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.
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