Can employees over 50 not buy social security?

Companies with employees over 50 cannot buy social security.

Because according to the regulations, the labor contract is terminated after the laborer reaches the legal retirement age, and there is no labor relationship between the two parties, the factory does not need to continue to pay social security. Although the laborer has reached the legal retirement age, both parties continue to maintain labor relations, and the factory should continue to pay social security for him.

Procedures for social insurance merger:

1. Before the insured person moves across provinces, he/she shall issue the Certificate of Payment of Basic Old-age Insurance to the social security agency of the original insured place;

2. Apply to the new social security agency for transferring the social security relationship. After taking office, go to the new unit to handle social security relations and pay fees according to regulations. When applying, you need to issue the original insurance certificate and fill in the renewal application form;

3. The social security agency in the new place of employment will review whether the applicant meets the requirements within 15 working days;

4. After receiving the contact letter 15 working days, the social security agency of the original insured place will clear up whether the applicant's insurance payment is in arrears and handle the transfer of the old-age insurance fund, terminate the applicant's local insurance relationship, and issue the basic old-age insurance relationship transfer and connection information form to the new insured place;

5. The social security institution of the newly insured place shall complete the relevant procedures within 15 working days after receiving the information form and the transfer fund.

To sum up, it is impossible for companies with employees over 50 years old not to buy social security. Because according to the regulations, the labor contract is terminated after the laborer reaches the legal retirement age, and there is no labor relationship between the two parties, the factory does not need to continue to pay social security. Although the laborer has reached the legal retirement age, both parties continue to maintain labor relations, and the factory should continue to pay social security for him.

Legal basis:

Article 58 of People's Republic of China (PRC) Social Insurance Law

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.