What age to buy social security

When we join the work, the unit is for everyone to buy social security. Part of it is purchased by the employer, and part of it is purchased by the person himself. The purchase of social security has a very important role, but many people do not understand the age to buy social security. Today I will organize some legal knowledge about the age of social security purchase for you, I hope to let you understand more about social security.

A, what age to buy social security

Social insurance in the pension insurance contribution age from 16 years old, paid to the legal retirement age (male general 60 years old, female cadres for 55 years old, female workers 50 years old, female residents 60 years old) until.

Policy basis: Article 15 of the Labor Law "prohibits employers from recruiting minors under the age of sixteen." Then full 16 years of age, the employer can be recruited. According to Article 4 of the Social Insurance Law, "Employers and individuals within the territory of the People's Republic of China shall pay social insurance premiums in accordance with the law." In other words, it can be understood that as long as the unit recruits, it should pay social insurance premiums according to law.

Two, social security

Social insurance is a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The social insurance scheme is organized by the government, which forces a certain group of people to pay a part of their income as social insurance tax (fee) to form a social insurance fund, from which the insured can receive a fixed amount of income or compensation for loss if certain conditions are met; it is a redistributive system, whose goal is to ensure the reproduction of material and labor force and the stability of the society. The main items of social insurance include pension insurance, medical insurance, unemployment insurance, industrial injury insurance, and maternity insurance.

The main difference between social insurance and commercial insurance:

1, the implementation of different purposes.

Social insurance social insurance is to provide members of society with basic protection when necessary, not for the purpose of profit; commercial insurance is the commercialization of the insurance company, for the purpose of profit;

2, the implementation of different ways.

Social insurance is mandatory under national legislation, commercial insurance is to follow the principle of "freedom of contract", by enterprises and individuals voluntarily insured;

3, the implementation of the main body and the object is different.

Social insurance by the state set up a specialized agency for fund-raising, management and distribution, the object of which is within the statutory scope of the members of society; commercial insurance is the insurance company to operate and manage the insured can be eligible for coverage of any person;

4, the level of protection is different.

Social insurance for the insured to provide protection is the most basic, its level is higher than the social poverty line, less than 50% of the average social wage, the degree of protection is low; commercial insurance to provide the level of protection depends entirely on the agreement of the two parties to the insurance and the amount of premiums paid by the policyholder, as long as they meet the conditions of the insurance and have a certain ability to pay the premiums, the insured person can obtain a high level of protection.