Advantages and disadvantages of paying social security

Social security is of great significance. To put it simply, social security means that people in the whole society can have a guaranteed life, a sense of security for the elderly, medical care for the sick and so on. Buying social insurance can solve and reduce the extra expenses in life, such as retirement without income, large expenses due to illness, no one cares about work-related injuries, unemployment without income, etc. According to the proportion and description of insurance, through social help, we can tide over the difficulties in life and reduce unnecessary troubles.

Benefits of paying social insurance:

1. Medical expenses that meet the requirements can be reimbursed when seeking medical treatment; You can enjoy maternity allowance when you have children; After retirement, you can enjoy the benefits of receiving a monthly pension; You can get unemployment insurance when you are unemployed.

2. protect the old. Because social security has been paid for a certain number of years, I will receive a pension every month after I get old. Although these pensions are not many, they can also solve the problem of low income of the elderly to a certain extent. And the longer it takes to pay social security, the more pensions you can get when you are old.

3, sick hospitalization is guaranteed. Everyone knows that it is difficult to see a doctor, especially now it may cost thousands of dollars to go to the hospital. In this case, it would be nice to have social security, because then you can reimburse a large part of your illness and hospitalization, and finally you only need to pay a small part of the money.

4. Raise wages in disguise.

The disadvantage of paying social security is that the monthly salary is relatively reduced.

Personal insurance coverage and payment ratio:

1。 Endowment insurance premium: 20% paid by individuals.

2。 Medical insurance premium: individuals pay 5%.

3。 Maternity insurance premium: paid by individuals 1% (in some areas).

Retirement to receive social security pension must meet two conditions at the same time:

1。 The actual payment period of the insured exceeds 10 years (1people who joined the work before September 30, 1998) or 15 years (199810 days and later);

2。 The insured person reaches the statutory retirement age (if he reaches the retirement age and the payment period is insufficient, he will continue to pay until he pays in full).

Current legal retirement age:

1。 Female: The insured employee is 50 years old; The manager is 55 years old All insured individuals are 55 years old.

2。 M: I'm 60 years old. Employees, managers, units and individuals all have insurance.

3。 Special types of work: workers who are engaged in underground, high altitude, high temperature, particularly heavy manual labor or other jobs harmful to health, and workers who work in plateau areas above 3,500 meters above sea level and low-temperature places such as cold storage and production workshops below zero degrees Celsius all the year round can retire early (female employees are 45 years old and male employees are 55 years old).

4。 Disability due to illness or non-work-related: if you are completely incapacitated by the hospital and confirmed by the labor appraisal committee, you can retire early (referring to retirement due to illness, female is 45 years old and male is 50 years old).

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 72 of the Labor Law of People's Republic of China (PRC).

The social insurance fund shall determine the source of funds according to the types of insurance and gradually implement social pooling. Employers and workers must participate in social insurance and pay social insurance premiums according to law.

Article 73 Laborers shall enjoy social insurance benefits according to law under the following circumstances:

(1) Retirement;

(2) Being sick or injured;

(3) Being disabled at work or suffering from occupational diseases;

(4) unemployment;

(5) bearing. After the death of an employee, his survivors shall enjoy the survivors' allowance according to law. The conditions and standards for workers to enjoy social insurance benefits shall be stipulated by laws and regulations. Social insurance premiums enjoyed by workers must be paid in full and on time.

Article 2 of the Social Insurance Law

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.