Is the social security period calculated by month or by year?

The social security period is calculated on a monthly basis.

Cumulative calculation of social security payment period. Take the basic endowment insurance as an example. When the insured reaches the legal retirement age, he can go through the retirement formalities and receive the basic pension on a monthly basis after paying 15 years. Unemployment insurance is different. If the accumulated payment before unemployment is over one year but less than five years, the longest period of receiving unemployment insurance money is twelve months. The social security fund shall be paid to the social security bureau on a monthly basis. Employers have the responsibility to pay on their behalf, and individuals can also pay on their own, but they need to apply to the social security agency for registration first. If the employer fails to pay the social insurance premium in full and on time, it will face the punishment of being ordered to pay or make up within a time limit.

Social security payment rules:

1, payment base: the social security payment base is usually related to the average salary of individuals in the previous year;

2. Payment ratio: different types of social security (pension, medical care, unemployment, work injury, maternity) have different payment ratios for individuals and units;

3. Payment time: social security payment is generally fixed every month and withheld and remitted by the unit;

4. Payment area: The specific rules of social security payment will be different according to the policies of different regions;

5. Supplementary payment regulations: In case of interruption of social security payment, most regions provide supplementary payment mechanism to protect rights and interests;

6. Transfer and connection: In cross-regional employment, social security accounts can be transferred and connected to maintain the continuity of social security years.

To sum up, the term of social security is calculated on a monthly basis. When the insured reaches the legal retirement age, he can go through the retirement formalities and receive the basic pension after the accumulated payment reaches 15 years, and the longest period of receiving unemployment insurance benefits is 12 months. Employers have the responsibility to pay social security on their behalf, and individuals can also pay it themselves, but they need to apply for registration with social security agencies. Failure to pay social security fees in full and on time will be punished.

Legal basis:

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

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 a total of fifteen years when they reach the statutory retirement age.