How to pay the old-age expenses with social security card

Legal analysis: after the social security card is activated, it can save money. If an individual pays social security, it only includes two insurances, medical insurance and endowment insurance. Personal social security payment method.

(1) Pre-deposit withholding: from 26th to the end of each month, the paying bank will automatically withhold the social insurance premium payable from the payment card of flexible employees. During this period, the flexible employment insured shall ensure that there is enough money in the payment card for deduction. The paying bank will withhold and pay in the order of endowment insurance, medical insurance and unemployment insurance, and insufficient money will cause the payment of some types of insurance to be interrupted.

(2) Real-time payment: The insured with flexible employment pays cash at the counter of any business outlet of China Construction Bank with his ID card and social security card, and the social insurance premium paid by him is received in real time.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.