Is it necessary for individuals to buy social security?

Is it necessary for individuals to buy social security?

We know that the country now implements the old-age insurance system, forcing employees to buy social security. But for individuals, is it necessary to buy social security?

First, is it necessary for individuals to buy social security?

Whether you need to pay social security yourself is a matter of difference for everyone. Paying social security is mainly for two purposes, one is to get a pension, and the other is to enjoy medical care. If you value medical insurance benefits, then paying social security is cost-effective.

If what you care about is pension, let's work out an account. First of all, we must know that there are two ways to pay social security without a job. One is to participate in the endowment insurance for employees as flexible employees, and the other is to participate in the endowment insurance for urban and rural residents.

As a flexible employee, he participates in employee pension insurance and retires at the age of 45 to 60, which is exactly 15 years. Monthly pension after retirement = basic pension+personal account pension ÷ 139 (calculated at the age of 60).

Employee pension insurance basic pension = (the average monthly salary of employees in the previous year+the average monthly payment salary of the insured when the insured applies for the basic pension) ÷2×( 1%× payment period).

Second, how to pay the social security fee?

The regulations in different places are not completely consistent. The following are the general provisions on supplementary social security procedures. If an individual handles "five insurances and one gold", unemployment, maternity and work-related injuries will not exist during the period of breaking off diplomatic relations, because these three items are all borne by the unit. What you need to pay is medical endowment insurance. Because of the adjustment of the deposit base of this "second insurance", you should pay it as soon as possible. Endowment insurance can be paid according to economic conditions. It is best to do a good job in medical insurance before July 1.

1. At present, if you pay social security at the place where your account is located, you can choose to pay it back or not. If it is not the social security paid by household registration, it cannot be paid.

2. Paying by yourself is a part of the total amount paid by individuals and units themselves. The company will continue to pay, and you only need to pay the part paid by individuals. If the social security is cut off in the middle and not paid, the social security payment period will be less, which will directly affect the future pension. You can choose to renew it by the company.

3. Only when the minimum payment period stipulated by social security has accumulated to 15 years can you receive a pension at retirement age.