Is it significant to pay back the old-age insurance?

The payment of endowment insurance is of great significance.

The calculation basis of pension standard is the payment period of your pension insurance, that is to say, the longer the payment period, the higher the pension standard, so you should pay back the pension insurance in time when you are in arrears, and keep the continuity and continuity of the pension insurance payment period.

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

The four levels of endowment insurance are as follows:

1 Basic old-age insurance Basic old-age insurance is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who terminate their labor obligations after reaching the national working age limit or quit their jobs because of old age;

2. Supplementary endowment insurance for enterprises implemented by national macro-control and internal decision-making, also known as enterprise annuity. It refers to an auxiliary endowment insurance that enterprises voluntarily establish for employees based on their own economic affordability and participation in basic endowment insurance.

3. Personal savings endowment insurance. Personal savings endowment insurance for employees is an integral part of China's multi-level endowment insurance system, and it is a supplementary insurance form for employees to participate voluntarily and choose their own agencies.

4. Commercial endowment insurance. Commercial endowment insurance is a long-term personal insurance with the main purpose of obtaining pension. It is a special form of annuity insurance, also known as endowment insurance, and a supplement to social endowment insurance.

legal ground

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

Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.