The salary is very low, is it still necessary to buy social security?

Whether it is necessary to pay for social security by yourself, this is something that varies from person to person, paying social security is mainly for two purposes, one is to receive a pension, and the other is to enjoy the medical treatment, if you value the medical treatment, then paying social security is cost-effective.

If you care about the pension, then let's do some math. First of all, you need to know that there are two ways to pay for social security on your own without a job, one is to participate in the employee pension insurance as a flexible employment, and the other is to participate in the urban and rural residents' pension insurance.

To participate in employee pension insurance in the capacity of flexible employment, 45 years of age to 60 years of age retirement exactly 15 years of contributions, after retirement, the monthly pension = basic pension + personal account pension ÷ 139 (according to the age of 60 years of age retirement).

The basic pension of employee pension insurance = (the average monthly salary of the employee in the previous year when the insured person applies for the basic pension + the average monthly salary of the person's indexed contributions) ÷ 2 × (1% × the number of years of contributions).

If you pay contributions for 15 years based on 60% of the average salary, for example, in Shanghai, the average monthly salary in 2016 was 6504 yuan, then your basic employee pension is (6504 + 6504 × 60%) ÷ 2 × (1% × 15) = 1560.96 yuan. Your personal account pension = (6504 × 60%) × 20% × 15 ÷ 139 = $84 (before interest). Finally, you will receive 1560.96 yuan + 84 yuan = 1645 yuan per month.

As you can see, it is still not bad to contribute (6504 × 60%) × 20% = 780 yuan per month and receive 1,645 yuan per month after retirement.

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Expanded information:

Individual social security refers to what we usually refer to as taking part in social insurance in one's own name, which, in the words of the document, should be "Individual laborers and freelancers participate in social insurance". Individual social security is a kind of basic protection for future life.

Social security is a kind of guarantee for securing future life, the state encourages that all those who are in a position to do so should pay social security.