What are the conditions for buying social security?

People who buy social security need to meet the age and certain procedures before they can buy it.

1, age, need to meet the statutory retirement age of 50 for women and 60 for men registered in this city.

2. Handling procedures: those who have gone through the formalities of renewing the old-age insurance and the insured who have received the basic old-age insurance benefits in this city on a monthly basis can apply for the requirements of paying the social medical insurance payment in full before being allowed to handle it.

Brief introduction of social security

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility.

Baidu Encyclopedia-Social Security