The quality of social security payment in the last two years depends on the individual's specific situation and goals. Here are some possible pros and cons:
Benefits:
1. Extend the social security payment period: paying more social security can extend the social security payment period of individuals, which may have a positive impact on enjoying pensions or other social security benefits in the future.
2. Increased social security benefits: Paying more social security benefits may increase personal social security benefits, such as the increase in the proportion of medical insurance reimbursement and the increase in pensions, thus improving personal social security level.
3. Increase the amount of provident fund loans: paying more social security can increase the individual's provident fund deposit base, thus improving the individual's qualification and amount of housing loans.
Disadvantages:
1. Increased burden: paying more social security will increase the personal financial burden, especially for some people with poor economic conditions, which may cause certain life pressure.
2. Tax impact: Paying more social security may lead to an increase in personal tax burden, because social security expenses are calculated according to pre-tax income, and paying more social security will reduce personal taxable income.
3. Reduced investment opportunities: Paying more social security may reduce personal disposable funds, thus affecting personal investment and financial management opportunities.
It should be noted that social security policies vary from region to region and from time to time, and the specific advantages and disadvantages need to be comprehensively considered according to local social security policies and personal circumstances. It is recommended to consult a professional financial or legal adviser before making a decision, so as to make an informed choice.
The extension of social security payment period has had a far-reaching impact on individuals and society. From a personal point of view, extending the payment period means that individuals need to bear the burden of social security fees for a longer period of time, which may lead to an increase in personal economic pressure. At the same time, the retirement age of individuals may be delayed accordingly, which will affect their retirement plans and life plans. From the social point of view, extending the payment period can increase the reserve of social security fund, improve the payment ability of pension and ensure the sustainability of pension. However, extending the payment period may also lead to intensified competition in the job market, especially for young people, who need longer time to enjoy social security benefits. Therefore, it is necessary to comprehensively consider the interests of individuals and society, formulate a reasonable social security payment period policy, and balance the interests of all parties.
Legal basis:
People's Republic of China (PRC) Social Insurance Law;
Chapter VIII Social Insurance Fund
Article 64 Social insurance funds include basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country. The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.