Advantages and disadvantages of social security payment and non-payment

Advantages and disadvantages of social security payment and non-payment;

1, income:

Guarantee basic living: Social security includes endowment insurance, medical insurance and unemployment insurance, which can provide us with basic living security and relieve economic pressure.

Increase the sense of economic security: people with social security can receive a monthly pension after retirement, and they can also get some economic compensation when they are sick or unemployed, which will make people feel more at ease.

Promote social equity: Social security is a social welfare system, which narrows the gap between the rich and the poor through income redistribution and promotes social equity.

2. Disadvantages:

No retirement pension: no matter whether you pay social security for residents or employees, you can receive the pension in the next month as long as you pay 15 years, reach retirement age and go through retirement procedures. People who have not paid social security will not be able to enjoy this benefit.

Medical expenses cannot be reimbursed: failure to pay social security means that you cannot enjoy medical insurance reimbursement, including medical expenses such as outpatient service and hospitalization, which need to be borne in full.

Maternity medical expenses cannot be reimbursed: those who pay maternity insurance can enjoy maternity insurance benefits, including reimbursement of maternity medical expenses and maternity living allowance. You can't enjoy these benefits without paying social security.

Social security payment process generally includes:

1. Registration: Before paying social security for the first time, you need to register for social security and get your own social security number, so that you can pay later and inquire about social security information;

2. Calculate the payment amount: According to the payment standard issued by the local social security bureau, calculate the social security expenses that individuals should pay, including pension insurance, medical insurance, unemployment insurance, etc.

3. Payment method: payment can be made by bank transfer, cash payment and online payment. If it is the first payment, you need to bring your ID card, bank card and other related materials for on-site payment. For enterprises, it is also necessary to remit the social security premiums paid into a unified social security account within the specified time, which will be managed by social security institutions;

4. Confirm the payment record: after paying social security, you need to check the personal payment record at the social security center or social security website within the specified time to confirm whether the payment is successful. In case of abnormal payment, you should contact the Social Security Bureau in time for handling.

To sum up, the social insurance plan is organized by the government, forcing a certain group to use part of their 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.

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 12

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in 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 employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.