Is it cost-effective to pay endowment insurance?

This is still cost-effective, because we should try to participate in the basic old-age insurance. Once we participate in this kind of old-age insurance, it will be very beneficial to our old-age life security. Each of us should participate as soon as possible, so that the payment period is long and the level of participation is as high as possible, so that the payment base is high and we should participate in first-tier cities as much as possible, so that the pension will be higher.

It's not uneconomical for people who don't have a work unit to pay their own pension insurance, but it's a heavy burden. Having a pension after retirement is a very cost-effective thing for everyone. If you don't have a work unit and only earn some hard-earned money by yourself, it is recommended to pay the old-age insurance according to the base of 60% 15 years. In this way, although the pension after retirement is not high, that is, the level of eight or nine hundred yuan, it can just meet our basic life without asking for living expenses for our children. Moreover, the annual increase in treatment after retirement can basically keep the purchase level unchanged. According to our pension calculation formula, the minimum payment base of 15 can generally receive 18% of the average social salary in the previous retirement year. At present, it is only 800~ 1000 yuan. Such retirement benefits can be said to be unmatched by people with high pensions. However, compared with those who have not paid endowment insurance, it has great advantages. At present, many urban and rural residents who have not paid social security can only receive a pension of about 100 yuan per month, and it is not increasing every year, even if it is increased by more than ten or twenty yuan. So it is very cost-effective to participate in social security in this way.

How to transfer endowment insurance;

1. The employing unit or the insured shall submit a written application for the transfer and continuation of the basic old-age insurance relationship to the social security agency of the newly insured place;

2. The social security agency of the newly insured place will review the application for transfer and connection within 15 working days;

3. The social security agency where the original basic old-age insurance relationship is located shall handle the transfer and connection procedures within 05+65438 working days after receiving the acceptance letter.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.