Is it cost effective to buy social security at 35

It is cost-effective to buy social security at the age of 35.

1, the longer the social security contribution period, the more pension you can receive after retirement; early payment of social security, the monthly payment is less, the interest over the years is more, the amount of money on the personal account at the time of retirement is almost the same, the amount of pension will not be too much difference;

2, the individual's physical condition and economic situation is the key to consider; when the body is not good, you should be paid as early as possible to pay the social security, in order to have a health care protection;

This is a good idea. p>3, longevity is a key factor in the return on social security investment; no matter when you start paying, longevity makes social security investment more cost-effective.

The basic functions of social security:

1, old-age insurance: to provide basic livelihood protection after retirement;

2, medical insurance: to reduce the financial burden of medical treatment due to illness;

3, unemployment insurance: to provide a certain amount of living subsidies during the period of unemployment;

4, industrial accident insurance: to provide medical treatment and financial compensation for industrial accidents;

5. Maternity insurance: protects the basic income and medical services of female workers during childbirth.

Overall, social security aims to provide basic life and medical protection for the insured and reduce social risks.

In summary, purchasing social security at age 35 is a wise choice because the increase in the number of years of contributions can bring more pension benefits, early payment is conducive to the accumulation of more interest, and provides medical protection in the event of ill health, while longevity will also increase the return on investment of the social security, so that the individual benefits from it are maximized.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 57

An employer shall, within thirty days from the date of its establishment, with its business license, certificate of registration, or seal of the unit, apply to the local social insurance agency for registration of social insurance. The social insurance agency shall examine and approve the application within fifteen days from the date of receipt of the application and issue the social insurance registration document. If the employer's social insurance registration matters change or the employer is terminated in accordance with the law, the employer shall, within thirty days from the date of change or termination, apply to the social insurance agency for change or cancellation of social insurance registration. The market supervision and management department, the civil affairs department and the organization and establishment management organs shall promptly notify the social insurance agency of the establishment or termination of the employer, and the public security organs shall promptly notify the social insurance agency of births and deaths as well as the registration, relocation and cancellation of the household registration of individuals.

Article 23

Employees shall participate in basic medical insurance for employees, and the employer and the employee shall pay the basic medical insurance premiums together in accordance with state regulations***. Individual industrial and commercial households without employees, part-time workers who do not participate in the basic medical insurance for employees at their employing units, and other flexibly employed persons may participate in the basic medical insurance for employees, with individuals paying the basic medical insurance premiums in accordance with the state regulations.

Article 58

An employing unit shall, within thirty days from the date of employment, apply to a social insurance agency for social insurance registration for its employees. If it fails to register for social insurance, the social insurance administration organization shall approve the social insurance premiums it shall pay. Individual entrepreneurs without employees who voluntarily participate in social insurance, part-time workers who do not participate in social insurance with their employers, and other flexibly employed persons shall apply for social insurance registration with the social insurance administration organization. The State establishes a nationally unified individual social security number. Individual social security numbers are citizens' identity numbers.