Is it cost-effective to pay 1.2 million social security?

Social security payment of 6.5438+0.2 million is very cost-effective. The social security payment is 6.5438+0.2 million, and the pension you can receive after retirement is more than 6.5438+0.2 million, which is conducive to enjoying the treatment after 60 years old. Therefore, even if the one-time payment amount reaches 6.5438+0.2 million yuan, it is beneficial and cost-effective. After all, prices and economic level are rising.

Legal objectivity:

"Social Insurance Law of People's Republic of China (PRC)" Article 16 Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.