Is it necessary to pay social security at the age of 50

1.50 Is it necessary to pay social security?

1, 50 years old needs to pay social security. 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.

2. 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.

2. What items does the social security card contain?

1, basic old-age insurance; In order to support the elderly, workers can receive pensions when they reach the legal retirement age;

2. Basic medical insurance; Illness is used for medical reimbursement;

3. Work injury insurance; Is an employee injured at work, paying medical expenses or compensating for related work-related injuries;

4. Unemployment insurance; After the employee loses his job, he receives living expenses;

5. Maternity insurance; It is a kind of maternity reimbursement and related treatment for employees.