Is it better for individuals to pay social security or not?

The benefits of paying social insurance are:

1. As the name implies, social insurance is a social security system implemented by national laws and government decrees. Its purpose is to ensure that workers can get material help from the state and society when they temporarily or permanently lose their ability to work due to illness, old age, death, injury, disability, unemployment and other reasons.

2. From the perspective of economic benefits, participating in social insurance means benefiting. Life after retirement is reliably guaranteed. The more you pay, the more you enjoy.

3. From the social environment, China has formed a general climate to strengthen the social insurance system. From the State Council to the provincial government, "four cases and one regulation" has been issued one after another, which clearly stipulates that qualified personnel must participate, so it is imperative to participate in social insurance. Social insurance is a compulsory social system, an important part of the market economic system and the guarantee of the market economic system.

Social security payment methods include:

1, paid by the company. Employees who have signed a labor contract with the employer have a labor relationship with the employer, and they can pay social insurance through the employer, which will be withheld and remitted by the employer, so employees need not worry about it personally;

2. Personal handling. If individuals, freelancers and individual industrial and commercial households without work units can handle it themselves as flexible employees, the insured person needs to go through the social security registration formalities at the social security department where the household registration is located. It should be noted that individuals can only pay two major types of insurance: endowment insurance and medical insurance, but not five insurances and one gold.

Legal basis: Article 10 of the Social Insurance Law of People's Republic of China (PRC).

Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly 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.