Is it really cost-effective to pay your own social security for flexible employment?

Paying pension insurance is cost-effective, because pension insurance by the financial or government transfer. Workers can only participate in the pension insurance, in their old age and disability have the basic security of life. However, flexible workers who pay for their own social security is definitely not as cost-effective as enterprise workers, because the co-ordinated sector of enterprise workers' social security is financed by the enterprise, while flexible employment needs to pay for the co-ordinated part of the cost of the individual.

How do I pay for my pension?

Go to the social security bureau of the district in which your account is located, the best way to pay for your own personal social security to go before calling the local social security bureau (Tel: 12333). The information you need to bring: my ID card, recent crownless one-inch photo preparation two, premiums, application form and so on can be. General monthly payment how much money, in the processing time staff will give you a good calculation, is based on the local last year's social wage for the calculation of individual business households or other flexible employment in the participation of pension insurance, will be in accordance with the average monthly salary of on-the-job workers to pay 20% of the basic pension insurance premiums. Pension insurance must be paid for a minimum of 15 years cumulatively. You must wait until you retire before you can apply for a monthly pension. Pension insurance is the more you pay, the more you get.

How do I pay for health insurance?

If you are an urban resident, you can pay for your own personal medical insurance by bringing your ID card, the original copy of your household registration book and a copy of it, as well as a one-inch color photo to the community committee under the jurisdiction of your household or to the social security office to register for payment. Rural residents can participate in rural cooperative medical care, usually the village committee will notify you when to pay, will be unified. How you are self-employed to participate in the insurance, you can choose to build only the integrated fund, not build a personal account, according to the local average monthly salary of the previous year 4.2% of the basic medical insurance premiums; you can also choose to pay according to the local average monthly salary of the previous year 8%, the establishment of a personal account. The cost of your own personal social security payment is based on the local average social wage last year for calculation, and each year is not the same. For example, if the average wage in place A is 20,000 yuan, then the pension insurance contribution will be 20,000*20%=4,000 or so/year, and medical care will be 20,000*10%=2,000 or so/year. In addition, there are also provisions for the lowest and highest grades, with the lowest grade not to be less than 60% of the average monthly salary of a social worker, and the highest grade being 300% of the average monthly salary of a worker. Generally, the lowest grade is the most common. In addition, the minimum contribution period for pension insurance is 180 months or 15 years, and medical insurance needs to be paid for at least 25/30 years before reaching retirement age to apply for pension benefits and medical reimbursement.

Legal basis

Article 10 of the Law of the People's Republic of China on Social Insurance Employees shall participate in basic pension insurance, and shall pay basic pension insurance premiums by the employer and the employee*** together.

Individual industrial and commercial households without employees, part-time workers who have not participated in basic pension insurance with their employing organizations, and other flexibly employed persons may participate in basic pension insurance, and individuals shall pay basic pension insurance premiums. The methods of pension insurance for civil servants and staff managed under the civil service law shall be prescribed by the State Council.