Is it worth paying social security at 50?

Legal analysis: uneconomical. Because some women retire at the age of 50, China's social security system is that those who have paid for more than 15 years in a row can only receive a monthly pension when they reach retirement age (currently 60 years old for men and 55 years old for women).

Suggestions for participating in social security:

(1) Men are insured before the age of 45, and after paying 15 years, they are just 60 years old and reach retirement age, at this time, they just enjoy the retirement benefits of social security.

(2) Women who are insured at the age of 35-40 will reach retirement age at the age of 50-55 after paying 15 years. At this time, they just enjoy the retirement benefits of social security. According to the current policy, it is possible for women to retire at the age of 50, and it is possible for women to extend their retirement time by five years in the future, but the current policy has not yet been introduced. Women who retire at the age of 50 are insured at the age of 35; If you retire at the age of 55, you can be insured at the age of 40. To be on the safe side, it is best for women to be insured at the age of 35.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach 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.