Is it useful to buy social security locally in Guangzhou?

Useful. Foreigners can enjoy various social security benefits after buying social security in Guangzhou, as follows:

1. Old-age insurance: those who have reached the statutory retirement age after 15 years of accumulated contributions will receive a basic pension on a monthly basis;

2. Medical insurance: medical expenses that meet the requirements are paid by the basic medical insurance fund, and you can enjoy basic medical insurance benefits after retirement;

3. Work-related injury insurance: enjoy work-related injury insurance benefits or disability benefits;

4. Unemployment insurance: You can get unemployment insurance. Maternity insurance: enjoy maternity insurance benefits.

Is it necessary to buy social security?

If you need to purchase social security, the relevant provisions are as follows:

1, social insurance is compulsory by the state and must be paid; If employees and units establish labor relations, then social security must be paid. If employees have no jobs, it is unnecessary. It is compulsory for the unit to pay social security for employees;

2, the employer does not apply for social insurance, the social insurance administrative department shall order it to make corrections within a time limit; If no correction is made within the time limit, the employer and its directly responsible personnel shall be fined;

3, not paid in full and on time, the social insurance fee collection agency shall order it to pay or make up within a time limit, and the role of social security payment is as follows:

(1) Those who participate in endowment insurance will receive pension, retirement pension and funeral expenses after retirement;

(2) those who participate in medical insurance can be used for medical reimbursement and medical insurance treatment services for the elderly;

(3) Participating in unemployment insurance, and receiving unemployment insurance benefits after the insured loses his job;

(4) to participate in work-related injury insurance, which is used to pay medical expenses, living care expenses, disability allowance and disability subsidy for work-related injuries.

To sum up, the social insurance fund determines the source of funds according to the types of insurance, and gradually implements social pooling. Employers and workers must participate in social insurance and pay social insurance premiums according to law.

Legal basis:

Article 84 of the Social Insurance Law of People's Republic of China (PRC)

If the employer fails to apply for social insurance registration, the social insurance administrative department shall order it to make corrections within a time limit; If no correction is made within the time limit, the employer shall be fined between one and three times the amount of social insurance premiums payable, and the directly responsible person in charge and other directly responsible personnel shall be fined between 500 yuan and 3,000 yuan.