Is it cost-effective to have old-age insurance without a job?

In the absence of a job, it is cost-effective to provide old-age insurance for yourself. At retirement age, the more old-age insurance you pay, the more pension you can get. If you don't have a job, you can choose to pay insurance in the form of flexible employment, or you can find a social security payment institution to pay.

1. Is it cost-effective to buy old-age insurance when you have no job?

It's cost-effective to pay your own pension insurance when you have no job.

Individuals need to apply to the social security bureau where the household registration is located to purchase endowment insurance. Procedures include: my ID card, two recent bareheaded one-inch photos, insurance premium, application form and so on. And can only apply for pension and medical insurance. How much to pay is calculated according to the local social wage of the previous year, which is different every year.

Second, how many years does it take to buy old-age insurance at your own expense?

The state stipulates that pension insurance must be paid for 15 years before you can enjoy pension benefits.

According to the provisions of Article 16 of the Social Insurance Law of People's Republic of China (PRC), individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for 15 years.

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.

3. Which grade of endowment insurance is the most cost-effective?

The higher the payment level, the higher the pension you can receive later, but the higher the individual needs to pay. Therefore, which level of social security payment is mainly based on your own economic situation. If economic conditions permit, it is most cost-effective to choose full payment. According to China's current regulations, China's social security payment standard is mainly based on the average social wage standard of the previous year, and the social security payment grade is divided into four grades, namely the lowest, first, second and third grades. Then the minimum payment ratio is 40%, the first gear is 60%, the second gear is 80%, and the third gear is 100%.

In fact, which grade is the most cost-effective depends mainly on the user's own situation. Generally speaking, the higher the payment grade, the higher the corresponding pension in the later period, but the higher the corresponding individual needs to pay. Therefore, users mainly choose according to their own economic situation. If they feel more economic pressure, they can choose a more moderate grade. If the economic conditions are better, you can of course choose to pay in full.

When there is no work unit, you can choose the institution that pays social security when you pay the old-age insurance yourself. Although there will be some handling fees, after the retirement age, if the pension insurance has been paid for 15 years, you can receive the pension on a monthly basis, which is also a kind of welfare treatment of the state.