The only child buys social security, how to buy it, and what are the benefits?

It is divided into two categories: rural one-child parent subsidy and urban one-child parent subsidy.

Eligible rural one-child parents can receive subsidies when they reach the age of 60. The specific subsidy amount depends on local regulations.

For eligible parents of the only child with urban hukou, the local county and urban people's governments shall give certain incentives and subsidies to the parents of the only child with reference to the rural family planning reward and assistance system and in light of local conditions.

2. Retirement allowance

If the parents of the only child are employees of the enterprise, the unit will issue a one-time retirement subsidy when they retire. The payment standard is 30% of the average salary of local employees in the previous year. If the only-child parents are employees of government agencies and institutions, they will be given a one-time retirement subsidy when they retire.

3, the only child award

Those who receive the honor certificate of the only child can receive the corresponding incentive fee from their parents' respective units from the date of receiving the certificate until their children reach the age of 18. But there are still different policies and regulations in different places.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.