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What are the advantages and disadvantages of paying social security at your own expense?

Benefits of paying social security at one's own expense: you can enjoy rights such as medical insurance and retirement pension; Lighten the burden for children; Make contributions to the country and society; Others. Disadvantages of paying social security at one's own expense: paying basic old-age insurance and basic medical insurance for information; All expenses shall be borne by the individual; Others.

legal ground

Article 60 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall declare itself and pay social insurance premiums in full and on time, and shall not postpone or reduce the payment except for legal reasons such as force majeure. The social insurance premiums that employees should pay shall be withheld and remitted by the employer, and the employer shall inform me of the details of paying social insurance premiums on a monthly basis.

Individual industrial and commercial households without employees, part-time employees who have not participated in social insurance in the employing units and other flexible employees can pay social insurance premiums directly to the social insurance premium collection agencies.