Is it worth paying social security yourself?

Legal analysis: Compared with the endowment insurance for urban workers, it is obviously not cost-effective for individuals to pay social security. Endowment insurance for flexible employees refers to an insurance strategy. For those who have no fixed job, unemployment or re-employment, such people are flexible employees. For this kind of people's old-age security, the government has introduced and implemented a flexible pension insurance policy for employees. Flexible employees have different payment years, different payment grades and different collection standards. If the payment exceeds 15, the monthly basic pension is the basic pension plus the personal account pension. The basic pension is calculated by multiplying the average monthly salary of local employees in the previous year by 20% at the time of retirement, and the personal account pension is the amount stored in the personal account divided by 120. If you don't have a job, you must pay social security yourself, which belongs to the situation stipulated in the Measures for the Administration of Social Security Payment for Flexible Employment. In judicial practice, the social security payment of flexible employees needs to be handled in accordance with relevant laws and regulations. The payment method and payment standard of social security are different from those of the work unit, but generally speaking, you need to pay social security to receive a pension.

Legal basis: Article 64 of People's Republic of China (PRC) Social Insurance Law includes basic endowment insurance fund, basic medical insurance fund, industrial injury insurance fund, unemployment insurance fund and maternity insurance fund. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.