Recently, the topic of "before the retirement age, social security has been paid for 15 years, is it possible to stop paying money and wait for retirement" related topics, which has aroused heated discussions on the online platform.
The official WeChat of the Ministry of Human Resources and Social Security responded that Article 16 of the Social Insurance Law stipulates that individuals who participate in basic pension insurance and have paid contributions for 15 years when they reach the statutory retirement age will receive a basic pension on a monthly basis. After 15 years of social security contributions, the employer shall continue to pay for the employee's insurance participation in accordance with the regulations, and go through the retirement procedures after meeting the conditions for receiving benefits, and receive the basic pension on a monthly basis.
Tang Huang, a lawyer at Hunan Tiandiren Law Firm, said that social insurance is a social security system established by national legislation, and both employers and employees must participate in social insurance in accordance with the law. The Social Insurance Law stipulates that an employer shall apply to the social security agency for social insurance registration for its employees within 30 days from the date of employment. If the unit and the employee fail to pay, they shall be ordered to pay within the time limit or make up for it and impose a late fee, and if they still fail to pay within the time limit, they will be punished by the relevant administrative department.
As long as the employee is in the state of employment, he or she cannot stop paying social security. Tang Huang said that the social insurance paid by employers and employees includes basic endowment insurance, medical insurance, maternity insurance, work-related injury insurance, and unemployment insurance. For employees, once they stop paying social insurance, they will not be able to get corresponding protection if they encounter illness, childbirth, work-related injury or unemployment, and for employers, paying social insurance in accordance with the law is also an important guarantee. For example, in terms of work-related injury insurance, an employer that pays work-related injury insurance in accordance with the law can pay the prescribed medical expenses and work-related injury benefits by the work-related injury insurance fund after an employee has a work-related injury accident, thereby reducing the risk of work-related injury expenses of the employer.
15 years of contribution is only the minimum number of years required to receive a basic pension, not that you can pay for 15 years without paying contributions. The calculation of the basic pension is directly related to the payment base and the payment period, the higher the payment base, the longer the cumulative payment period, the more pension you receive when you retire, which is often said to be "long pay more, pay more more". Therefore, only by paying social insurance in accordance with laws and regulations can we better enjoy the protection provided by the social insurance system.
Source: CCTV, Economic Daily
Editor: Yu Zhuohan
Duty Director: Yuan Yuzi
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