Where is the pension paid?

1, paid by the enterprise

Most enterprises will pay endowment insurance for their employees, so if you are an on-the-job employee, you only need to pay endowment insurance premium to your enterprise.

2. Social Security Center

If you are not an on-the-job employee or self-employed, you can also pay the old-age insurance premium directly at the local social security center. You need to prepare the relevant appraisal and pay the funds.

3. Third-party platforms such as Alipay and WeChat.

Now, third-party payment platforms such as Alipay and WeChat can also be used to pay endowment insurance premiums. Just download the corresponding APP and bind your own social security information and payment method, and you can easily pay the old-age insurance.

4. Banks

If the local bank allows payment, you can also apply for self-employment insurance at the agreed bank.

What is social security?

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

As can be seen from the above, if individuals want to pay social endowment insurance, they can apply for self-employment and social security insurance in the town, street or social security where their household registration is located, and consult individuals to pay social security. If the local bank allows remittance, he can apply for self-employment and insurance at the agreed bank.

Legal basis:

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 employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.

Article 16

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.