Seven benefits of social security tell you:

First, the bookkeeping interest rate is high

We all know that pensions are divided into basic pensions and individual pensions. For personal pension, employees of enterprises will all pay their own fees into their personal accounts, and flexible employees will pay 8% of the base of payment into their personal accounts. The amount of money in a personal account is whatever you put in it, and it has a certain interest rate. Article 14 of the Social Insurance Law stipulates that a personal account shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. Putting money into a personal account brings higher income than putting it into a bank.

Second, there is no risk

Although many people regard old-age insurance as a fund, compared with financial funds, the biggest advantage of old-age insurance is that there is no risk. If you put money into financial funds, you will face the risk of losing money, but endowment insurance does not exist. According to Article 13 of the Social Insurance Law, when the basic endowment insurance fund is underpaid, the government will give subsidies. Even if the pension fund faces a loss, it will be paid in full, because there is government finance to rely on.

Third, lifelong collection

With the popularization of medical level and health knowledge, people pay more and more attention to health preservation, and the average life expectancy is getting longer and longer. The pension is lifelong, and the longer you live, the more you will receive, so it seems that the benefits brought by paying social security are much higher.

Fourth, there is no pressure to spend money

Money is an essential thing in life. If retirees don't have a pension, most of them will have no source of income, and their savings will be used to get married and buy a house for their children. When they get old, they will have no money to use, and they will be embarrassed to ask their children for it. I have a stable source of income and spend it comfortably.

Fifth, medical insurance treatment

Medical insurance treatment can be said to be the best social welfare treatment now, which solves the problems of difficult and expensive medical treatment and reduces the cost of medical treatment a lot. Moreover, there is another advantage of employee medical insurance. After paying a certain number of years, you can enjoy medical insurance benefits for free after retirement.

Sixth, it is rising every year

Pension is not static, but it is rising all the time. First, the calculation base is on the rise, which refers to the amount of pensions initially received, and the calculation base is determined by the local social wage in the previous year. Economic development will lead to the rise of wages, social wages will also rise, and the corresponding calculation base will also increase. Second, the pension is adjusted every year. The adjustment method is to raise the level of basic old-age insurance benefits in a timely manner according to the average wage increase and price increase of employees. These factors are also related to economic development. As the economy increases, the pension will be raised.

Seventh, funeral subsidies

According to Article 17 of the Social Insurance Law, if an individual who participated in the basic old-age insurance died due to illness or non-work-related death, his survivors can receive funeral subsidies and pensions. Nowadays, the funeral expenses are not small, and the payment of funeral subsidies can also effectively reduce the funeral expenses.

so it is necessary for each of us to pay social security. This is the related search I gave you on "Know Social Security Knowledge in Seconds". The exact amount of money you get when you get old depends on your payment and the local social security situation.

I hope my answer can help you!