How much risk is there for individuals to pay social security?

Legal analysis: According to the relevant laws and regulations in China, social security needs to be purchased for 15 years and the insured can only receive retirement wages when he reaches retirement age. Social security is also called social security insurance. Under normal circumstances, formal work will require workers to buy social security. Employers will subsidize workers to buy social security every month and share the premium with them. The insurance premium paid by workers will be deducted directly from their wages. Social security includes pension insurance, industrial injury insurance, maternity insurance, medical insurance and unemployment insurance.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for 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.

Article 58 An employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay. Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration. The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.