What are the benefits of overpaying for social security?

Social insurance is a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main items of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. So, what are the benefits of paying more for social security?

1. The effect on the pension. Pension insurance is an important part of social security, but also the most concerned about the issue, the level of pension insurance contributions will affect the amount of monthly pension we receive after retirement. The pension is related to the pension insurance personal account, the number of years of contributions, the age of retirement, the average level of social wages at the time of retirement and other factors, the level of pension insurance contributions will affect the amount of the pension personal account, so the more you pay, the more pensions you will have in your hands after retirement.

2. The impact on medical treatment. If a participant pays more for health insurance each month, then the amount of money transferred to the health insurance personal account each month will be more. In addition, some areas of the medical insurance is according to the level of participation, the higher the level of costs, the more expensive, at the same time the reimbursement rate will be higher.

3, social security can be planned for five types, which are mainly business units of social security (civil servants, teachers and other public positions), urban workers social security (wage earners), urban residents social security, flexible employment type of social security, the new rural cooperative type of social security. Social security is the state to each of our workers' welfare, the main recommendation is to go to pay the insurance is better.

The above is an introduction to the benefits of social security to pay more, I hope it will help.

This is the introduction of the benefits of social security overpayment, hope it can help.