Do young people need to pay social security?

Do young people need to pay social security?

It is very necessary for young people to pay social security. Social security is a social security system aimed at providing citizens with basic living security, including endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. By paying social security fees, young people can enjoy these guarantees when they need them and reduce the pressure of life.

I. Endowment insurance

Endowment insurance is the most important item in the social security system. Young people pay old-age insurance premiums, and when they reach the legal retirement age, they can receive a basic pension on a monthly basis. Individuals who pay less than 15 years can pay to 15 years and receive basic pension on a monthly basis. In addition, individuals who have paid less than 15 years when they reach the legal retirement age can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the corresponding pension insurance benefits according to the regulations of the State Council.

Second, medical insurance.

Medical insurance is established to solve the medical expenses required by employees due to illness or accidental injury. After young people pay medical insurance fees, they can get compensation for medical expenses when needed. If you are sick or injured during the payment of medical insurance expenses, the individual only needs to bear part of the medical expenses, and the rest will be paid by the medical insurance fund.

Third, unemployment insurance.

Unemployment insurance is established to ensure the basic livelihood of employees during unemployment. After paying the unemployment insurance premium, young people can get part of the unemployment insurance premium to maintain their basic living when they are unemployed.

Four. Industrial injury insurance and maternity insurance

Industrial injury insurance and maternity insurance are also important components of the social security system. Industrial injury insurance is established to protect the medical and living expenses of employees who are injured or suffer from occupational diseases at work. Maternity insurance is set up to protect the basic living and medical expenses of female employees during childbirth.

To sum up:

It is very necessary for young people to pay social security fees. By paying social security fees, young people can enjoy basic living security when they need it and reduce the pressure of life. At the same time, the government should also strengthen the publicity and promotion of the social security system to raise young people's awareness of participating in insurance. In the future, with the continuous improvement and development of the social security system, I believe more people will realize the importance of paying social security fees and actively participate in the social security system.

Legal basis:

Article 10 of the Social Insurance Law of People's Republic of China (PRC) stipulates that employees should participate in the basic old-age insurance, and both employers and employees should pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.