Is it good to pay social security or not?

Paying social security is beneficial to individuals.

According to national laws, employers and employees must pay social security fees according to a certain proportion. For employees, paying social security can ensure that they can get corresponding protection and compensation in the case of retirement, illness, work injury and so on. For example, old-age insurance can guarantee a certain pension after retirement, and medical insurance can reduce the economic burden caused by illness. Paying social security is also a social responsibility and obligation. By paying social security, individuals have made contributions to social security and development, and at the same time, they have enjoyed all kinds of security and services provided by society.

The specific functions of social security are as follows:

Old-age insurance: As long as the conditions of payment 15 years are met, workers can receive a monthly pension after reaching the statutory retirement age.

Medical insurance: it can reimburse the medical expenses of the insured during his illness and reduce the economic burden.

Maternity insurance: as long as both men and women meet the application conditions, they can reimburse maternity medical expenses and receive maternity allowance.

Unemployment insurance: when the insured loses his job due to non-personal reasons, such as dismissal, bankruptcy of the company, etc. He can provide certain unemployment insurance benefits.

Work injury insurance: medical treatment, rehabilitation and compensation services can be provided for work-related injuries or illnesses during work.

To sum up, it is suggested that individuals pay social security fees on time to ensure their rights and enjoy the corresponding social security.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 58

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.