Is it important to pay social security?

Legal analysis: social security is actually more important for a person, because only by participating in social security, that is, the so-called employee pension insurance and employee medical insurance, can you enjoy lifelong treatment, that is to say, you can enjoy lifelong pension treatment and retirement medical insurance treatment. So only those who participate in social security can get such treatment.

Then this social security is self-evident, and it is very important for a person, because it affects life after all. You can regard this social security insurance as an ordinary investment, because this old-age insurance will eventually get pension benefits, so this pension benefits can be understood as the return of this investment, so relatively speaking, the return of this investment can be collected for life, that is to say, such an investment has a relatively large income.

On the other hand, if you buy a general wealth management product, in fact, its rate of return is extremely limited, that is to say, it will talk about an annualized rate of return of 5% or 6%, so if the principal is reduced, or the investment is not invested, then there is no corresponding return. As for this basic social security, as long as the insured social security reaches the15th anniversary according to the requirements of accumulated years, and reaches the legal retirement age, you can receive the basic pension benefits on a monthly basis. Of course, with the continuous growth of age, the actual pension benefits will continue to grow, so the final return is far greater than the amount invested.

Because even if the expenses in the personal account are collected, then the overall account will be collected. In fact, the expenses in the overall account are not paid, so the pension I started to receive at this time exceeded the paid pension insurance. So it's a good deal for me.

Legal basis: Article 58 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the employer shall apply to the social insurance agency for social insurance registration for employees within 30 days from the date of employment. 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.