4hw.com.cn: in the contemporary society, social security plays an increasingly important role in our daily life. Endowment insurance is a topic of great concern. What changes have taken place in the new endowment insurance policy issued in 2018?
1. Retirement age
As we all know, at present, the legal retirement age in China is 60 for men, 55 for women cadres and 50 for women workers. So this year, there will be a provision to delay retirement. According to the new provision, by 2045, both men and women will retire at the age of 65.
2. Payment interruption
Many people will worry that their social security will be interrupted. In fact, if they are interrupted due to job changes or other reasons, it doesn't matter much. Because endowment insurance is mainly calculated by the accumulated payment years. As long as everyone has paid for 15 years in a row, that is 180 months, they can enjoy the pension after retirement.
3. Payment period
As we have said above, as long as the endowment insurance has been paid for 15 years, it can enjoy the pension. But that doesn't mean there's no need to continue to pay for endowment insurance after 15 years. Because the more we pay, the more we pay, the more we can get our pension in our later years.
4. Supplementary payment of social security
If the social security has not been paid for 15 years and you want to receive a pension after retirement, you must pay for 15 years. If the legal retirement age has not been paid for 15 years, you can continue to pay for 15 years. However, there will be a time limit here. If the time limit is extended by 5-10 years, if the female employee is 60 years old or the male employee is 65 years old and has not paid for 15 years in total, they will have to pay in full at one time.
In short, the longer we pay, the more money we get after retirement. Therefore, it is suggested that we must pay our own endowment insurance and try to pay more, so that we can get a higher pension after retirement.