Job Recruitment Website - Social security inquiry - I'm from Jiande, Hangzhou, and I want to ask about endowment insurance. Can people who have worked for a few years in the past pay a few years of old-age insurance to offset it?

I'm from Jiande, Hangzhou, and I want to ask about endowment insurance. Can people who have worked for a few years in the past pay a few years of old-age insurance to offset it?

Hello!

Length of service is a common name under the planned economy in the past, but it should be replaced by the payment period now.

Now retirement pension is related to the payment period rather than the length of service.

Those who joined the work before 1996 and retired after 1996 belong to "middle people", and the actual payment period starts from 1996, but the length of service before joining the work is also regarded as payment, and the transitional pension is paid in proportion. Therefore, their cumulative payment period is equivalent to the length of service.

And you joined the work after 2006, and you are a "newcomer". The basis for calculating your retirement pension in the future is your contribution period. Pension adjustment will never be affected in the future, because it will increase every year according to the payment period. If you don't believe me, you can log on to the local social security website to inquire about the contents of the relevant documents on pension adjustment for retirees. . .

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.