01
Social security contributions for 15 years
Can you sit back and wait for retirement?
Article 16 of the Social Insurance Law stipulates that individuals who participate in the basic pension insurance and have paid contributions for 15 years or more when they reach the statutory retirement age shall receive the basic pension on a monthly basis.
Please note that 15 years of cumulative contributions is the minimum number of years required!
● If you are an active employee:
After 15 years of social security contributions, before reaching the statutory retirement age, the employer shall continue to pay for the insurance participation of the employee in accordance with the regulations, and after meeting the conditions for receiving benefits, go through the retirement procedures and receive the basic pension on a monthly basis;
● If you are a flexible worker:
If you participate in the insurance as an individual, you can choose whether to continue to pay after 15 years, but it will affect the enjoyment of medical insurance benefits after retirement. At present, there is no unified national regulation on the minimum payment period of medical insurance, which is determined by each overall area according to local conditions.
Judging from the current situation stipulated by various localities, it is generally 30 years for male employees and 25 years for female employees. In practice, all regions generally require that endowment insurance and medical insurance need to be paid together, and only 15 years of endowment insurance is likely to affect the enjoyment of medical insurance benefits after retirement.
For employees, payment is a mandatory obligation under the law, and as long as the labor relationship with the employer is established, the payment should be made in accordance with the provisions of the state. At the same time, the individual enjoys the basic pension insurance treatment and the individual payment period is directly related, the longer the payment period, the larger the payment base, the more pension received after retirement.
In general, the basic pension consists of a basic pension and a pension in a personal account:
(1) The basic pension is based on the average monthly salary of the employed persons in the urban units of the province and the average monthly indexed salary of the person in the province in the previous year of retirement, and 1% will be paid for every full year of payment (the number of months of payment for less than one year is converted into years);
(2) The personal account pension shall be determined according to the cumulative savings of the personal account divided by the number of months of national uniformity. The personal account pension shall be paid from the personal account in accordance with the provisions of the state, and the personal account shall continue to be paid from the basic pension insurance fund in accordance with the original standard after the personal account is paid.
According to the calculation rules of pension insurance benefits, the pension received at retirement is related to the payment base and the number of years of payment. The higher the payment base and the longer the payment period, the more personal account accumulation, simply put, the more you pay more, and the more you pay for a long time. After meeting the conditions for receiving benefits, the monthly pension will be relatively more.
Under the circumstance that the payment base, payment period and other factors are the same, the pension treatment enjoyed by flexibly employed persons is the same as that of employees of the unit, and the level of treatment will not be discounted.
02
Failure to pay up the number of years when the statutory retirement age is reached
Can I make a lump sum payment?
Whether it can be paid back or not, depending on the situation!
When reaching retirement age, if the cumulative contribution is less than 15 years, the contribution can be extended to 15 years.
This case contains a cut-off point:
Those who have participated in the insurance and paid contributions before the implementation of the Social Insurance Law on July 1, 2011, can make a one-time payment to 15 years if the payment is not enough after the extension of 5 years;
Those who participate in the insurance and pay contributions after the implementation of the Social Insurance Law need to continue to pay contributions until 15 years have passed before receiving the pension.
Situation 1: When the urban and rural residents' pension insurance system is implemented in the place where you are registered, you have reached the age of 60 and have not received the basic old-age security benefits stipulated by the state, then you can receive the old-age insurance pension for urban and rural residents on a monthly basis without paying fees.
Situation 2: When the system is implemented, if you are less than 15 years away from the prescribed age of 60, you should pay the fee every year until the age of 60. Retroactive contributions are also allowed, but the cumulative contributions do not exceed 15 years.
Situation 3: When the system is implemented, if you are more than 15 years away from the prescribed age of 60, you should pay the annual premium, and the cumulative contribution is not less than 15 years before you can receive the pension.
03
Pension insurance discontinuation,
Cleared and invalidated?
Some of my friends may be planning to leave their jobs and return to their hometowns from the city...... As a result, the pension insurance payment will be interrupted, will the money paid before expire and be invalidated? Will the record be cleared? Can I still receive a pension?
The social security agency will retain your basic pension insurance relationship, keep all the insurance payment records, and the interest will be calculated continuously on the amount of personal account storage, and the paid pension insurance premiums will not be paid in vain. If you have paid contributions for 15 years and reach the statutory retirement age, you can receive a basic pension on a monthly basis.
Nonetheless, a reminder to everyone.
If you interrupt your social security contributions for a long time and do not have enough years of contributions by the time you reach the statutory retirement age, your pension will also be postponed accordingly.
04
Didn't work
How to pay pension insurance by yourself?
1. You can pay the basic pension insurance for employees in the status of flexible employment.
2. You can apply for social security for urban and rural residents by yourself, but the welfare security is relatively lower than that of flexible employment social security.
3. You can find a social security agency to pay the basic pension insurance for employees.
Resident pension insurance VS employee pension insurance
Resident pension insurance is paid annually, which is divided into payment grades of 100 to several thousand yuan, and you can choose the payment grade according to your own wishes. After 15 years of contributions, you can receive a pension when you reach retirement age.
Employee pension insurance is paid on a monthly basis, and if you pay it yourself, you need to bear the part of the cost paid by the company. The minimum payment period is 15 years, and the longer the period, the more you pay, the more you will receive.
There are different calculation methods for resident pensions and employee pensions, if the same amount of contributions is paid, according to the corresponding calculation method, employee pension insurance can receive more pensions.
Sources: Chinese Government Network, Foshan Social Security, Jinyu Network, Social Security Forum, 51 Social Security Network, etc