What changes will be implemented next year?
The social security system has been carried out gradually with the development of the times. Recently, the Social Security Institution introduced a new rule for insured persons under the age of 15, which will be implemented in 2024. The reform of this system is aimed at increasing the number of people with access to social security and improving the quality of people's lives.
According to the new measures, employees who have paid contributions for less than 15 years can adopt the following methods:
Extension of service: If you are approaching the end of your 15-year service, you can continue to extend your service until 15 years. This method is suitable for people who have been insured for more than 15 years and have not changed much in the payment period.
One-time supplement: Employees who have paid for 15 years but still have a large gap can make up at one time. This method is designed for people who have paid social insurance for a period of time, but the gap between the 15 years and the 15 years of contributions is too large. Please keep in mind that a late fee will be paid at the prescribed rate.
Transfer to resident social security: Employees who have been about 15 years away from the retirement age, but there is still a big difference, and can not afford to pay a lump sum, can apply for transfer to resident social security. This method is aimed at those who have paid social insurance for one year, but the gap between the contribution time and the 15 years is too large to pay the one-time supplementary contribution.
Waiver of social security: If you have been paying for almost 15 years, but there is still a big difference, you cannot afford to pay a lump sum, and you do not want to transfer to the resident society, then you can give up social security. This method is very suitable for some people who have paid social insurance for a period of time, but the gap between the payment time and the 15-year payment time is too large, and they do not want to make up for it at one time, and they do not want to transfer to the resident social insurance. But know that you can't enjoy social security if you don't have it.
The new regulations will come into effect in 2024, when more employees of insurance companies will be covered by social security. This policy change reflects the country's great concern for people's livelihood and improving people's quality of life.
In general, the new social security system proposes a different approach for those who have not paid for 15 years of social insurance, so as to increase the number of people with social security coverage. It will not be until 2024 that the adjustment of the pension system will begin to be implemented to benefit more people.