New rules for social security retroactive payment in 2023

The new rules for social security retroactive payment in 2023 include: retroactive payment, application for conversion to urban and rural residents' basic pension insurance, and application for retirement.

1, make-up contributions

Participants who have accumulated less than 15 years of contributions by the time they reach the legal retirement age can extend their contributions until they reach 15 years. Among them, before July 1, 2011 to participate in the extension of contributions for five years is still less than 15 years, can be a one-time contribution base on the current year to pay the full 15 years, in accordance with the provisions of the basic pension procedures.

2. Application for transfer to basic pension insurance for urban and rural residents

If an insured individual reaches the legal retirement age and has paid contributions for less than 15 years (including extended contributions), he or she can apply for transfer to basic pension insurance for urban and rural residents in the place of household registration and enjoy the corresponding pension insurance benefits.

3. Application for withdrawal

If an insured individual reaches the statutory retirement age, has paid contributions for less than 15 years, and has not made the required retroactive contributions to the basic pension insurance, he or she may terminate the basic pension insurance relationship upon written application, and the social security agency will make a one-time payment of the amount of his or her personal account balance to him or her after examination and confirmation.

Calculation of premiums:

1, social security contribution base

Social security contribution base, refers to the Rashi enterprises or individual employees used to calculate the payment of social security Interceptor fee payable to the wage base, multiplied by the prescribed rate, is the amount of social security premiums should be paid by enterprises or individuals.

The social security contribution base in each region is linked to the local average wage data. It is determined according to the monthly average of all wage income earned by an employee from January to December of the previous year. It is determined once a year, and after it is determined, there will be no further changes for a year. The time for declaring and adjusting the social security base is usually in July.

Enterprises generally take the total amount of workers' wages as the contribution base, and individual workers generally take their average monthly wages of the previous year as the wage base for individual social insurance contributions. In China, the contribution base is approved by the social insurance agency according to the declaration of the employer, according to the law.

2. Contribution ratio

The contribution ratio is the rate of social insurance premiums. According to the relevant regulations, for different types of social insurance insurance, different contribution ratios are applied.