Do you still need to buy old-age insurance after paying social security?

No need. Social security covers old-age insurance, and only one old-age insurance needs to be paid. Pay the old-age insurance 15 years, and receive the old-age insurance monthly after retirement. In addition to providing old-age security, social security also includes medical security, maternity security, unemployment security and industrial injury security. At present, the calculation method of local employees' pension is: the average monthly salary of employees at the end of last year multiplied by a certain proportion+the amount of deposits in employees' accounts divided by the coefficient.

Is social security five insurances and one gold?

No, it can only be said that social security is five insurances, including endowment insurance, medical insurance, unemployment insurance, work injury insurance and maternity insurance. One gold refers to housing provident fund, which means that social security does not include provident fund. Five insurances and one gold play a great role, and the qualification of buying a house and a car in many places is also linked to it.