What does the social security payment period mean?

The meaning of social security payment period is as follows:

In 1 and 15, you can get a monthly pension when you reach retirement age, but this is seriously not recommended. The pension gap after 35 years' payment is far more than double that when paying 15. Moreover, in the future, when retirees raise their wages, long-term payment is much more than short-term payment.

2. According to the current regulations, the insured person's payment period has accumulated to 15 years, and he can receive a monthly pension when he reaches retirement age. The amount of pension is related to the base of payment and the length of payment period. The longer the payment time, the higher the payment base and the higher the pension, and vice versa. Therefore, we suggest that you pay 15, and continue to pay the endowment insurance according to the regulations until retirement age. If it is really difficult to pay, when the retirement age is reached, the pension will be paid according to my actual payment period.

3. The calculation of pension depends not only on the payment base, but also on the payment index and payment period. Pay by 100% every year, and the payment indicator will be recorded as1; Pay 60%, and the payment index is 0.6. Calculate the annual payment index by weighted average method, and get the average payment index of the whole payment cycle. The higher the payment index, the longer the payment period and the higher the pension. Therefore, 60%, 80% and 100% are fixed payment bases and payment indicators. For the same person, the pension calculated by 100% is definitely higher than that calculated by 80% and 60%. However, the growth rate is not a proportional increase, on the contrary, it is not a proportional decrease. There is no way to predict the increase or decrease, because the pension is the result of comprehensive calculation of several indicators. Medical insurance, maternity, unemployment, etc. You can enjoy it while paying social security.

Legal basis: Article 4 of People's Republic of China (PRC) Social Insurance Law.

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 5

The people's governments at or above the county level will incorporate social insurance into the national economic and social development plan.

The state raises social insurance funds through multiple channels. People's governments at or above the county level shall give necessary financial support to social insurance.

The state supports social insurance through preferential tax policies.

Article 90

If the social insurance premium collection agency arbitrarily changes the base and rate of social insurance premium payment, resulting in underpayment or overpayment of social insurance premium, the relevant administrative department shall order it to recover the social insurance premium that should be paid or refund the social insurance premium that should not be paid; The directly responsible person in charge and other directly responsible personnel shall be punished according to law.