Is it too late to pay social security at 50?

You have to pay social security at the age of 50. Defined as follows:

(1) If he wants to participate in social security at the age of 50, his retirement age needs to be 65 to retire normally. In this case, he can only choose to postpone retirement or pay urban and rural residents' insurance as flexible employment;

(2) Although it is a little late to start paying social security at the age of 50, it is still necessary to pay social security. After participating in social security, our pension and medical care can be basically guaranteed. Participating in social security is a precautionary thing, so it is necessary for us to pay social security.

It's a little late to buy social security at the age of 50, but as long as you haven't reached retirement age, you still have to pay social security.

At this time, you can participate in employee pension insurance, but you can't retire until you are 65 years old, which is equivalent to receiving a pension five years later than others. At this time, you need to consider your personal financial endurance. After all, after the age of 60, you have to pay about 7,000 yuan of employee pension insurance every year. There will be some pressure. However, the pension level of employees is relatively high.

Another option is to participate in the old-age insurance for urban and rural residents and pay a lump sum before the age of 60, so that you can get a pension at the age of 60. In order to get higher pension benefits, you can choose a higher level of pension insurance payment, such as the level of more than 2000 yuan.

Therefore, at the age of 50, there is still room for choice. It is suggested to pay social security as soon as possible and choose the corresponding old-age insurance according to your own conditions. Don't delay any more. As a 50-year-old who has never participated in the basic old-age insurance, it is actually late to establish employee old-age insurance now, because this employee old-age insurance needs to be paid for more than 15 years to retire and enjoy the benefits of this pension. Therefore, if he starts to pay this basic old-age insurance at the age of 50, it means that he can retire at the age of 65 and enjoy the treatment of this basic pension. In this case, it is recommended not to participate in employee pension insurance, because employee pension insurance can not be paid in one lump sum before retirement, and the accumulated payment period can not be completed. If the cumulative payment period does not reach the15th anniversary before the statutory retirement age, then you can only choose to postpone retirement and pay the contributions year by year, and you can only retire and enjoy the pension benefits until your accumulated pension insurance reaches the15th anniversary, so obviously you have to wait until the15th anniversary.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

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.