Does social security pay for the current year? Or the year to pay the next year's

Social security is the year to pay the current year, should be paid before the end of the 12th of each year, is to pay the current year.

Social insurance is mainly through the mobilization of social insurance fund, and within a certain range of social insurance fund to implement the co-ordination of transfer to the workers encountered labor risks to give the necessary help.

The functions of social security are as follows:

1, the function of stabilizing social life;

2, the function of redistribution;

3, the function of promoting the social and economic development, the social insurance system as an important tool for demand management to play a role, thus playing a positive role in the economy. The effective utilization of the social insurance fund can promote sustained economic prosperity. Social security becomes a basic condition for enterprises to recruit talents.

Social insurance must be based on the probability of the occurrence of various risky accidents, and according to the total amount of benefit expenditure estimated in advance by the standard of benefit, to find out a certain rate of the insured's burden as a criterion for determining the rate of insurance premium.

Legal Basis

The Social Insurance Law of the People's Republic of China

Article 10 Employees shall participate in basic pension insurance, and the employer and the employee*** shall pay the basic pension insurance premiums together.

Individual industrial and commercial households without employees, part-time employees who have not participated in basic pension insurance with their employing units, and other flexibly employed persons may participate in basic pension insurance and pay basic pension insurance premiums by themselves.

The methods of pension insurance for civil servants and staff members administered under the civil service law shall be prescribed by the State Council. Article 12 An employer shall pay the basic pension insurance premiums in accordance with the proportion of the total wages of the employees of the employer as stipulated by the State, which shall be credited to the Basic Pension Insurance Coordination Fund.

Employees shall contribute to the basic pension insurance premiums in accordance with the proportion of their own wages prescribed by the State and credited to their individual accounts.

Individual industrial and commercial households without employees, part-time workers who have not participated in the basic pension insurance in the employing organization, and other flexibly employed persons participating in the basic pension insurance shall pay the basic pension insurance premiums in accordance with the state regulations, which shall be credited to the basic pension insurance general fund and the individual account respectively.