Will the money paid by social security be your own?

The money paid by social security will not be your own in the future. The endowment insurance that we personally pay is only our eligibility for pension. Of course, the pension we receive is paid by individuals, but it is not entirely individuals. The endowment insurance that we personally pay is only our eligibility for pension. Of course, the pension we receive is paid by individuals, but it is not entirely individuals. The pension insurance for flexible employees has different payment years and grades, and the collection standards are also different.

What is the process for individuals to pay social security?

1, individual application. The applicant holds an ID card, a household registration book and its photocopy, a residence certificate issued by the community, and two recent one-inch bareheaded color photos (non-local residents should also provide their residence permit and photocopy), fill out the Registration Form for Xi Personal Identity Personnel to Participate in the Basic Old-age Insurance for Enterprise Employees, and go through the insurance formalities at the district and county employment agencies and talent exchange centers where the household registration is located or lived;

2. Accepted by public employment agencies. If it meets the requirements of flexible employment insurance after examination, the public employment agency or talent exchange center shall establish insurance files for the applicant;

3. Institutions that handle insurance registration. After filing, the public employment agency or talent exchange center shall apply to the endowment insurance agency for insurance procedures, and the agency shall timely register the applicant for insurance and establish a personal account. The applicant shall pay the old-age insurance premium according to the regulations, which shall be paid by the public employment agency or the talent exchange center.

To sum up, it doesn't mean that the money paid by social security in the future is your own. But all the money paid by social security goes into the social security account. In the end, the pension you receive will be distributed through the social security account. Of course, the amount you get is directly related to the amount you pay.

Legal basis:

Article 57 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall, within 30 days from the date of its establishment, apply to the local social insurance agency for social insurance registration with its business license, registration certificate or unit seal. The social insurance agency shall, within fifteen days from the date of receiving the application, examine and issue the social insurance registration certificate.

Where the social insurance registration items of the employing unit are changed or the employing unit is terminated according to law, it shall, within 30 days from the date of change or termination, go to the social insurance agency to handle the change or cancellation of social insurance registration.

The market supervision and management department, the civil affairs department and the organization management organ shall promptly inform the social insurance agency of the establishment and termination of the employing unit, and the public security organ shall promptly inform the social insurance agency of the birth, death, household registration, migration and cancellation of the individual.