Meizhou 20 19 Basic Social Security Policy

According to the Measures for the Implementation of the Basic Old-age Insurance for Urban and Rural Residents in Meizhou City, if the insured person is over 60 years old but the accumulated payment period has not reached the prescribed payment period, he can continue to pay the fees year by year and enjoy the corresponding government payment subsidies. If the annual payment to the age of 65 does not reach the prescribed payment period, you can pay the old-age insurance premium in one lump sum to the prescribed payment period and receive the pension on a monthly basis, but the one-time payment does not enjoy the government's payment subsidy. If the insured person has reached the age of 60 and the accumulated payment period has not reached the prescribed payment period, if he does not continue to pay the fee year by year or pay back the prescribed payment period, he will not issue a basic pension and can apply for a personal account pension on a monthly basis until the end of payment.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.