Can Shenzhen social security not pay pension?

The compulsory payment of social security by the state is aimed at enterprises, which means: if you are self-employed, you can pay or not; If you work in a public institution, then the institution must buy you social security. The unit also pays in proportion (the unit pays 12% and pays 8% by itself). Under normal circumstances, I pay 20% of the local social wages, so I only pay a small part, so it's more cost-effective. There is also a basic living guarantee when you are old.

If you are self-employed, you'd better not buy social security, because that 20% means that you have to pay it all, which will cost thousands a year, and will increase with the increase of social wages, at least 15 years, and you have to live for one more month after retirement to get one month's salary. If you can't get back the short-lived capital. Therefore, the advice of self-employed individuals is best to buy commercial insurance.

If you don't have a job after applying for social security in the company, you pay the monthly premium yourself. Or choose to surrender, and surrender can usually get back the money you paid.

Changes in address units can be migrated.

Social security generally includes: endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.