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How old does social security start to pay
Social security can be joined from the age of 16. The state establishes a social insurance system of basic pension insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance and other social insurance systems to safeguard the right of citizens to obtain material assistance from the state and society in accordance with the law in cases of old age, illness, industrial injury, unemployment and maternity. Employing units and individuals within the territory of the People's Republic of China*** pay social insurance premiums in accordance with the law, and have the right to inquire about payment records and records of individual rights and interests, and to request that social insurance agencies provide social insurance advice and other related services. If you work in a unit, the unit and individual must pay social security according to law, which is mandatory. And if you pay more and for a longer period of time, your pension will be higher. Paying social security grade and social security processing, renewal, for individuals to pay social security, because the social security contribution base is increasing every year, whether it is early to pay or late to pay are almost the same.
Legal basis:
The Chinese people*** and the State Social Insurance Law, Article 13 of the state-owned enterprises, institutions, employees to participate in the basic pension insurance, the basic pension insurance premiums payable during the period of the deemed contribution period shall be borne by the government. In the event of a shortfall in payments from the basic pension insurance fund, the Government shall subsidize it.
Article 15 The basic pension consists of a coordinated pension and an individual account pension. The basic pension is determined according to the cumulative number of years of individual contributions, the contribution wage, the average wage of local workers, the amount of individual accounts, and the average life expectancy of the urban population.
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