Is it okay to pay only employees' medical insurance and not pensions?

Legal analysis: we can't just pay medical insurance to employees without paying for old-age care, because social security is compulsory for the state to buy. State-owned enterprises, collective enterprises, foreign-invested enterprises, private enterprises and other urban enterprises and their enterprise-managed institutions and their employees must participate in the basic old-age insurance. Employees must reach the statutory retirement age and have gone through retirement procedures before they can receive a monthly pension. Where the unit and individual participate in the endowment insurance and fulfill the obligation to pay for the endowment insurance according to law, the individual has paid for fifteen years. Five insurances and one gold can be transferred.

Legal basis: Article 54 of the People's Republic of China (PRC) Rural Revitalization Promotion Law, the state improves the social security system of urban and rural planning, establishes and improves the security mechanism, and supports rural areas to improve the level of social security management services; Establish and improve the mechanism for determining the basic old-age insurance benefits for urban and rural residents and the normal adjustment of basic pension standards to ensure that the basic old-age insurance benefits for urban and rural residents are gradually improved with economic and social development. The state supports farmers to participate in the basic old-age insurance and basic medical insurance for urban and rural residents in accordance with regulations, and encourages qualified flexible employees and agricultural industrialization employees to participate in social insurance such as basic old-age insurance and basic medical insurance for employees. The state promotes the coordinated development of the minimum living security system in urban and rural areas, improves the level of social assistance such as support for the extremely poor in rural areas, strengthens care services for rural left-behind children, women and the elderly, the disabled and children in distress, and supports the development of inclusive old-age care services in rural areas and mutual support for the elderly.