How many years should I buy social security?

Social security must be paid 15 years. According to the regulations, individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they reach the statutory retirement age and have paid 15 years. When reaching the statutory retirement age, those who have not reached 15 years can pay the fee to 15 years, or they can be transferred to the new social endowment insurance for rural or urban residents. If you don't choose the above method, you can apply for a one-time payment of personal account storage.

In all cities, if the payment of basic old-age insurance and basic medical insurance is insufficient, the basic old-age insurance and basic medical insurance will be supplemented at one time according to the local social security payment base in the current year. According to the latest reform plan, starting from 20 15, the retirement time will be extended by one year every three years. By 2030, the retirement age of male workers in China will be extended to 65 years and that of women to 60 years.

Social insurance is mainly through raising social insurance funds, coordinating and adjusting social insurance funds within a certain range, and giving necessary help to workers when they encounter labor risks. Social insurance provides basic living security for workers. Workers can enjoy social insurance benefits as long as they meet the conditions for enjoying social insurance, that is, they have established labor relations with employers or paid various social insurance premiums according to regulations. Social insurance is the core content of social security system.

legal ground

Article 15 of the Social Insurance Law of People's Republic of China (PRC) * * * Basic Pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Article 16 of the Social Insurance Law of People's Republic of China (PRC) * * * Individuals who participate in the basic old-age insurance can pay for less than fifteen years when they reach the statutory retirement age, and they can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.