Social insurance is an important livelihood security system, which aims to provide necessary material assistance to workers in the event of old age, illness, work-related injury, unemployment, etc. After 15 years of contributions, many workers may have a question: since they have met the minimum contribution period and have not yet reached the statutory retirement age, can they choose not to continue to pay social security?
Social insurance is a compulsory system, and both units and individuals are obliged to pay social insurance premiums in accordance with regulations. Article 100 of the Labor Law stipulates that if an employer fails to pay social insurance premiums, the labor administrative department may order it to pay within a time limit, and if it fails to pay within the time limit, it may impose a late payment penalty. Paragraph 1 of Article 63 of the Social Insurance Law stipulates that if an employer fails to pay social insurance premiums in full and on time, the social insurance premium collection agency shall order it to pay or make up the amount within a time limit. Even if you have paid contributions for 15 years, you still need to continue to pay social security as long as you have not reached the statutory retirement age. Because 15 years of payment is the minimum payment period requirement of the Social Insurance Law on the pension insurance benefits of workers when they retire, it does not mean that they do not need to participate in social security after 15 years of social security contributions. In addition, social security not only includes pension insurance, but also medical insurance, unemployment insurance and other aspects. Even if you have been paying for 15 years, if you stop paying social security, then your protection in these areas will be affected. For example, if you stop paying health insurance premiums, you may not be covered by health insurance if you get sick.
In fact, China's social security system adopts the principle of "pay more, get more", that is, the longer you pay, the higher the amount of contributions, and the more pension you can receive after retirement. Therefore, from an individual point of view, it is also very advantageous to continue to pay social security. When the employee meets the retirement age, the employer and the local social security department review and go through the retirement procedures in accordance with the law, and can enjoy various social insurance benefits in accordance with the law.