What is the most cost-effective way to pay social security without a work unit? How to pay social security is the most cost-effective?

No unit personnel, individual industrial and commercial households and freelancers can pay endowment insurance for flexible employees. Whether it is cost-effective for individuals to pay social security mainly depends on the length of years. Compared with the endowment insurance for urban workers, it is uneconomical for individuals to pay social security.

Endowment insurance for flexible employees refers to an insurance policy, and some people who have no fixed job, unemployment or re-employment belong to flexible employees. In view of the old-age security of this group of people, the state has promulgated and implemented the old-age insurance policy for flexible employees.

The pension insurance for flexible employees has different payment years and grades, and the collection standards are also different.

1. If the payment has expired 15 years, the monthly basic pension = basic pension+personal account pension. Among them, the basic pension = the average monthly salary of local employees in the previous year when I retired ×20%, and the personal account pension = the amount stored in the personal account/120.

2. Before the reform of the old-age insurance system, the former employees of state-owned and collective enterprises or institutions who participated in the work were insured according to the urban flexible employment method after the termination of labor relations, and their monthly basic pension after retirement was calculated according to the urban enterprise employee pension method.

3. Insufficient payment 15 years: If flexible employees are unwilling to continue to pay, they cannot enjoy the basic pension benefits on a monthly basis, and the accumulated amount in their personal accounts and the part allocated to the overall fund from the pension insurance premiums paid by individuals will be paid to them in one lump sum, and the pension insurance relationship will be terminated.

Extended data:

1. Materials required for flexible employees to apply for endowment insurance: the original and photocopy of the applicant's household registration book; "Application Form for Flexible Employment Personnel to Participate in Basic Endowment Insurance" in duplicate; Copy of the first page of USW personal current passbook opened by the applicant in any of the four state-owned commercial banks, namely Bank of China, Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of China; 2 copies of the Power of Attorney for the Entrusted Bank's Automatic Settlement of Social Insurance Fund.

2, flexible employment for endowment insurance procedures.

(1) The applicant submits the required materials to the Insurance Relations Department of the Social Security Bureau, and the handling personnel will review the materials and the applicant's conditions on the spot.

(2) If conditions are sufficient, handle it in time, and print the Approval Form for Flexible Employment Personnel to Participate in the Basic Old-age Insurance (in duplicate), one for the applicant to keep, and one for the social security bureau to keep after the applicant signs and confirms.

(3) those that do not meet the requirements will not be accepted, and the reasons will be explained to the applicant.

References:

Endowment insurance for flexible employees-Baidu Encyclopedia