Is personal pension cost-effective?

Personal pension is not cost-effective, as follows:

1, it's not worthwhile for people who don't have a job, but don't pay it. For unemployed consumers, it is obviously not cost-effective for individuals to pay endowment insurance, which means that part of the money paid each month will enter the overall account and will not be enjoyed until retirement, so unemployed consumers may wish to choose to buy commercial endowment insurance, which is not only more flexible but also more secure;

2. Consumers who quit midway can continue to pay. For consumers who resign after working for a period of time, they can still choose to pay endowment insurance by themselves. Of course, if they only work for a few months or years, they can also choose not to pay. Consumers who have worked for more than ten years can continue to pay to 15, so that they can enjoy the pension after retirement.

Legal basis: Article 12 of the Social Insurance Law of People's Republic of China (PRC).

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund. Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.