Is it worth paying social security at the age of forty?

It is cost-effective to pay social security at the age of forty.

1. According to the current regulations, when the statutory retirement age is reached, the contribution of old-age insurance is less than 15 years, and it is necessary to continue to pay until 15 years before retirement and pension can be processed. It is more cost-effective for women to participate in social security at the age of 40, and let women retire at the age of 55 to receive pensions. 40 years old: If you start to participate in insurance at the age of 40, you need to be over 55 years old to pay 15 years, and you just retire.

2. Over 40 years old: those who pay social security after 40 years old will not pay 15 years when they reach retirement age at 55 years old, which needs to be compensated by annual payment or delayed retirement. 45 years old: If Aunt Liu, 45, pays 3,600 yuan a year and retires at the age of 60 after paying 15, then according to the calculation, she can receive more than 10,000 yuan a year, and the money paid will be paid off by the sixth year or so. If the basic pension continued to rise in the future, it would have been faster to pay her back. Over 48 years old: If you start to pay social security for residents at the age of 48, you will not retire until at least 63 years old. The legal retirement age for social security for residents is 60 years old. At this time, everyone has been receiving pensions for several years, and it is not cost-effective to start receiving them yourself. Generally speaking, it is better to plan old-age insurance as soon as possible, because the principle of "pay more and get more" is followed. If you are in your forties and want to have a better economy after retirement, you may wish to consider configuring a commercial endowment insurance for yourself, which not only has flexible payment time and stable income, but also provides protection for your death and gives you a good pension after retirement.

Legal basis:

According to the "Implementation of Several Provisions", "after the death of an individual who participates in the basic old-age insurance for employees, the balance in his personal account can all be inherited according to law." If the insured dies unfortunately, his legal heir can go to the Social Security Bureau for a refund. If the application is passed, the individual contribution in the individual pension account of the insured person will be refunded. If the insured retires and receives a pension before his death, the amount of the pension he receives shall be deducted when he returns the pension after his death. Personal account inheritance amount = personal account storage amount at retirement-personal account monthly pension × collection months.

(2) If you go abroad to settle down or change your nationality, you can apply for surrender and liquidation; Social security is still one of the topics that many overseas Chinese are very concerned about. They are worried that after emigration, the social security they paid in China will be wasted.

(3) Repeated enrollment

Repeated enrollment refers to the same insured person's repeated enrollment in the same basic medical insurance system (repeated enrollment within the system) or repeated enrollment in different basic medical insurance systems (repeated enrollment across systems), which is embodied in the fact that the same insured person has two or more normal enrollment payment records in the same time period.

Simply put, social security is paid in two places at the same time. This situation will be forced back, generally divided into two types:

First, cross-system repeated participation in insurance, that is, participation in employee medical insurance and urban and rural residents' medical insurance (new rural cooperative medical system), such as working from township to town;

The second is the repeated participation system, that is, repeated participation in the same medical insurance across regions;

No matter how much social security we pay at the same time, we can only enjoy one medical reimbursement and one pension in the end.

(4) Suffering from special circumstances such as accidental injury and severe disability, and living at home is difficult, special approval can be granted;

(5) Those who have served as soldiers, participated in social security before enlisting, and provided for the aged after retiring may apply for social security surrender and liquidation before enlisting.

2. The accumulated payment at retirement is less than 65,438+05 years. According to the "Implementation of Several Provisions", if the accumulated payment of employee pension insurance before retirement is less than 15 years, the payment can be postponed, paid in one lump sum or transferred to resident pension insurance.

There are three processes to transfer the old-age insurance relationship across provinces:

The newly insured place shall review the renewal application and send the consent letter to the original insured place-the original insured place shall go through the renewal procedures-and the new insured place shall accept the renewal procedures and funds.

After the three processes are completed, the transfer and connection procedures can be completed. The policy stipulates that each process takes 15 days at the longest, which means that the insured can complete all formalities within 45 days at the longest.

According to Article 6 of the Detailed Rules for the Implementation of the Social Insurance Law, those who leave the country to settle down before receiving the pension can keep their personal accounts or apply for surrender. For social security surrender liquidation, you can refund the fee:

1, employee social security

Social insurance for urban workers is divided into five types: endowment insurance, medical insurance, unemployment insurance, maternity insurance and industrial injury insurance. When surrendering, only the balance of personal accounts of endowment insurance and medical insurance can be returned, not only the principal, but also the interest, but the overall expenses cannot be returned. Unemployment insurance, maternity insurance and industrial injury insurance have no surrender theory.

Both endowment insurance and medical insurance can accumulate payment years and reach the statutory retirement age. When the pension insurance payment reaches 15 years, you can go through the retirement procedures of the pension insurance and receive the pension on a monthly basis. When the medical insurance payment reaches the minimum period stipulated by the local government, you can go through the medical insurance retirement procedures, and you don't have to pay the basic medical expenses. As a whole, you only need to pay a few dollars a month to enjoy the medical insurance reimbursement for retirees for life.

When the endowment insurance and medical insurance are surrendered, usually only the balance of individual account with interest can be returned, and the expenses of the overall account cannot be refunded, which are included in the endowment insurance and medical insurance overall fund respectively.

2. Social security for residents

There are only two kinds of social insurance for urban and rural residents, endowment insurance and medical insurance. They are all issued by year. Endowment insurance can accumulate payment years. By 15, when you reach the age of 60, you can go through retirement procedures and receive a monthly pension. Medical insurance is paid for one year and guaranteed for one year. Life-long payment is required without accumulative payment years.

When the old-age insurance is surrendered, the balance of the personal account of the old-age insurance can only be returned with interest, and there is no overall account. Medical insurance for urban and rural residents in some areas can also be surrendered, but not all areas can be surrendered. In areas that can be surrendered, under the premise that there is no surrender fact, the surrender procedures must be handled within the time period specified in this year. The premiums paid in that year can only be surrendered, but cannot be handled after the expiration.