Guangzhou social security is to buy 15 or 20 years?

Guangzhou social security is to buy 15 years.

The functions of social security include:

1, which can stabilize social life;

2, redistribution can be realized;

3. It can promote economic development;

4. In most areas, buying a car and buying a house is linked to social security, and it is required to pay social security for a certain period of time before buying a car and buying a house locally;

5. The five major insurances included in social security have their own functions.

Social security contribution ratio:

1. Endowment insurance: 8% for individuals and 0/5% for enterprises;

2. Unemployment insurance: 0.2% for individuals and 0.48% for enterprises;

3. Work-related injury insurance: 0% for individuals and 0.2% for enterprises;

4. Maternity insurance: 0% for individuals and 0% for enterprises;

5. Medical insurance: 2% for individuals and 5.45% for enterprises.

Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law.

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.

The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.