New regulations for unemployed people to pay social security

The new social security regulations for unemployed people mean that there are three social security payment options after unemployment:

1, individuals can continue to pay their own pension insurance and medical insurance. Those with good economic conditions can choose to continue to pay;

2. Give up and continue to pay. If the economic situation is not good, you can give up the payment;

3. If a new unit is found, the unit will pay the social security fee.

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

People's Republic of China (PRC) social insurance law

Article 10

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing units, and other flexible employees shall be formulated by the State Council with reference to the civil service law. Article 11

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies. Article 12

The employer shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and the employees shall pay the basic old-age insurance premium according to the proportion of their own wages stipulated by the state, which shall be credited to their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees.

Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, when the basic old-age insurance fund that should be paid during the payment period is insufficient, the government will give subsidies. Article 14

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. Article 15 Personal death

The basic pension consists of overall pension and individual account pension. The basic pension is based on individual cumulative payment years, payment wages, average salary of local employees, personal account amount and urban population.

Individuals who participate in the basic old-age insurance will receive the basic old-age insurance monthly when they reach the statutory retirement age, and they can pay for it for fifteen years when they reach the statutory retirement age.