What is the impact of not paying social security for the local account

The effects of not paying social security for a local household are as follows:

1. You can't enjoy the pension insurance and medical insurance, and there are conditions for receiving the pension insurance, you need to pay the pension for 15 years, and then you can receive the pension on a monthly basis after retirement. Medical insurance, on the other hand, needs to be paid for 20 years before it can be enjoyed for the rest of your life. The number of years of contributions for both pension and medical insurance is cumulative, and the longer and more contributions you make, the more money and benefits you will enjoy;

2. Many cities have linked the conditions for buying a house directly to the social security system. Take Beijing as an example, foreign households to buy a house in Beijing need to pay at least 5 years of social security, and can not be interrupted in the middle, once the interruption is recalculated 5 years period. If you don't buy a hukou, you won't be able to buy a house, not to mention calculating the number of years.

Legal basis:

Article 2 of the Social Insurance Law of the People's Republic of China

The State establishes a social insurance system for basic pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, and other social insurance, and guarantees the right of citizens to receive material assistance from the State and society in accordance with the law in the event of old age, sickness, industrial injury, unemployment, or childbirth.

Article 4

Employing units and individuals within the territory of the People's Republic of China*** and the State pay social insurance premiums in accordance with the law, and have the right to inquire about the records of payment of premiums and records of the rights and interests of individuals, as well as to demand that the social insurance administration agencies provide social insurance counseling and other related services.

Individuals enjoy social insurance benefits in accordance with the law, and have the right to supervise the payment of contributions for them by their own units.