What is social security? Is it necessary for young people to buy social security?

Many people should have heard of social security, especially many small partners who are looking for a job. They often say that they are looking for a job to pay social security. Do you really know what social security means? This article will introduce the relevant content for everyone, let's take a look. What is social security? Is it necessary for young people to buy social security?

First, what is social security?

Social insurance refers to providing income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Social insurance forces a group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a kind of redistribution, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, the funds are mainly paid by the employer and the laborer himself, giving subsidies and taking the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the conditions.

Second, is it necessary for young people to buy social security?

It is necessary for young people to buy social security. Social security is actually a matter that is closely related to everyone. No matter young people, middle-aged people or old people, they should enjoy social security benefits, and ensure that the accumulated payment period exceeds 15 before the statutory retirement age. Only in this way can they retire normally.

So it is very important for young people to buy social security. Then some young people have a relatively weak awareness of buying social security, which means they may not have social security benefits. Therefore, under such preconditions, we personally think that we should apply for social security. Even if there is no work unit, we can flexibly apply for social security according to personal social security. In this case, we can enjoy social security benefits.

3. Is there an age limit for paying social security?

For those who are insured for the first time, the upper limit of the insured age is 60 years old for men, 50 years old for female employees and 55 years old for cadres. Those who exceed these conditions cannot be insured. Of course, this is only a theoretical age limit, because at present, we need to pay accumulated contributions 15 years to enjoy the old-age treatment of employees. If we are insured for the first time at this age, it must be too much money.

What is the appropriate age for initial insurance? This can be reversed according to retirement age. According to the current retirement ages of 60 for men and 50 and 55 for women, it is of little significance for men to participate in insurance after 50, while women workers over 40 and cadres over 45 are not suitable for insurance.

That is, for the first time, men are 50 years old and women are 45 years old.