What's the point of paying social security? Who can pay social security?

What's the point of paying social security?

For the basic 15 years when social security is not paid in full, retirement is not cost-effective, and some benefits cannot be enjoyed, so some people want to ask whether social security can be paid back.

1. Cumulative payment period of social security contributions: it is beneficial to the cumulative payment period of pension, medical care, work injury, unemployment and maternity insurance. In the long run, the most beneficial thing for individuals is the accumulation of payment years for pension and medical care; Because the condition of applying for old-age pension is that the accumulated contribution of old-age insurance reaches 15 years and reaches retirement age; After paying a certain payment period, medical insurance can enjoy lifelong medical treatment.

2. social security payment, you can buy a house and a car if you meet certain conditions: Beijing's successful payment within 3 months is not continuous payment, and you can buy a car. Buying a house depends on whether the Housing Construction Committee can operate.

payment types/methods

Annual payment: Simply put, it means normal retirement, but individuals pay social security until they pay 15 years, and then receive a pension. However, although it can be paid annually, in addition to the annual payment, there is also a late payment fee, which is generally five thousandths, and all of them are borne by themselves.

You can transfer to urban residents' social security: that is to say, when you retire, there is still a long time before you pay 15. You can transfer to urban residents' social security at this time and make it up at one time.