Is it cost-effective for individuals to pay social security?

First, the pressure of individual payment is quite high, and it costs a lot of money. Many social security expenses will go into the overall account, and only a small part will go into the personal account. This means that the part that the unit can bear will eventually be paid by the individual.

The pressure of personal life will also increase, which is also an uneconomical thing, and the living expenses will continue to increase. Just like endowment insurance, if the contribution rate is 20%, the unit contribution rate can reach 16%, and individuals only need to bear 4%, but for individual contributions, this 20% needs to be borne by one person.

At the same time, flexible employment social security and social security for urban and rural residents purchased by individuals have no maternity insurance and unemployment insurance. Just like in some areas, when people get personal social security, they will not include work-related injury insurance.

Second: the risk of default is relatively high. Just like those who pay social security in human resources companies, they also take greater risks. Because the affiliated company will go to the person who pays social security to pay the fee. If there are a series of changes, such as asking the company to run away with money. For everyone who participates in social security payment, it is no small loss.

If the affiliated company suddenly forgets to pay, it will also bring a series of risks to everyone who participates in social security purchase. If there is a default, the amount of pension will naturally decrease, because the time for payment is compressed. If you keep breaking off diplomatic relations, individuals will not be able to enjoy the relevant treatment brought by medical insurance.

Third: the difference between insurance types. Everyone's situation is different, just as some people reduce some pressure in order to reduce the risk of participating in social security purchases. Will choose to pay social security for flexible employment, and only buy pension insurance and medical insurance when purchasing.

This will greatly reduce the sense of security of individuals who enjoy social security, and the benefits and subsidies they enjoy will continue to decrease. Just like the social security paid by the unit, these five types are industrial injury insurance and medical insurance, in addition to old-age insurance and unemployment insurance, as well as maternity insurance.

Fourth, the fees charged vary greatly. Just like the gap between personal social security and company social security, it is not cost-effective for individuals to buy it, not to mention that only 8% of the money paid for social security will go into personal accounts. As for the rest of each part, it will be assigned to the overall account. Just like when we receive a pension, the principle we follow is to pay more and get more.

Perhaps due to economic pressure and other reasons, many people will only choose to pay the minimum social security, that is, insurance with a payment ratio of 60%. If the payment time is short, the cost will be lower when you collect it.

Fifth: the time to receive pension will be delayed. For male workers, the retirement age is 60. If you are a blind cadre next to a woman, the retirement age is 55. If it is a retired worker, it is 50 years old. The social security workers who participate in flexible employment are still 60 years old, but the female workers have reached 55 years old. They buy social security for urban and rural residents, and it takes 10 years for women to receive pensions.