Will buying social security after 80s delay retirement?

Buying social security after 80 generally does not directly affect retirement time. Social security is a system to protect individual pensions. For the post-80s generation, purchasing social security can accumulate personal pension accounts. According to national regulations, the retirement age is determined according to the year of birth, and the purchase of social security will not change this regulation. However, purchasing social security can increase the accumulation of personal pension and improve the pension benefits after retirement. Therefore, the purchase of social security for the post-80s generation is to better guarantee the quality of their retirement life, rather than directly delaying the retirement time. It should be noted that the specific provisions of retirement time may change according to the adjustment of national policies, and it is recommended to pay attention to the update of relevant policies and regulations in time.

Social security refers to a social and economic system that provides income or compensation for people who have lost their ability to work, are temporarily unemployed or suffer losses due to health reasons. The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability. The main items of social insurance include old-age social insurance, medical social insurance, unemployment insurance, industrial injury insurance and maternity insurance. Benefits of social security:

1, which can stabilize social life;

2, redistribution can be realized;

3. It can promote economic development;

4. In most areas, buying a car and buying a house is linked to social security, and it is required to pay social security for a certain period of time before buying a car and buying a house locally;

5. The five major insurances included in social security have their own functions. Old-age insurance can be used to receive a pension after retirement, as well as to pay funeral expenses and old-age expenses. Medical insurance can reimburse medical expenses and enjoy medical insurance benefits after retirement. Unemployment insurance money can be used to receive unemployment insurance money and medical expenses subsidies after unemployment. Work-related injury insurance can be used to pay for work-related injury benefits, living care expenses, disability subsidies and disability allowances. Maternity insurance can be used to receive maternity allowance, maternity grants, reimbursement of maternity medical expenses and maternity leave.

In a word, social security is a kind of contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 23

Employees should participate in the basic medical insurance for employees, and employers and employees should pay the basic medical insurance premiums in accordance with state regulations.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic medical insurance for employees and other flexible employees can participate in the basic medical insurance for employees, and individuals pay the basic medical insurance premium in accordance with state regulations.