How old can Shenzhen social security be without buying it?

Women are 50 years old and men are 60 years old. Before this age, they can buy social security until 16 years old. After the normal retirement age, you can no longer participate in insurance. The retirement age is 60 for men and 50 for women.

Everyone will come into contact with social security at work, and the amount of social security payment has a certain relationship with the region where their salary level is located. Individuals and units must pay social security according to law. Social security can be used for many purposes, besides endowment insurance and medical insurance, there are also maternity insurance, work injury insurance and unemployment insurance.

Payment period 15 years is the minimum requirement for receiving pension insurance benefits on a monthly basis. As long as there is a labor relationship with the enterprise and it meets the conditions for participation, it should continue to participate in the insurance according to law.

Extended data

According to Article 16 of the Social Insurance Law, individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid a total of fifteen years.

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.

Seventeenth individuals who participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.

Article 18 The state establishes a normal adjustment mechanism for basic pensions. According to the average wage increase and price increase of employees, the basic old-age insurance treatment level will be improved in a timely manner.

Article 64 Social insurance funds include basic old-age insurance funds, basic medical insurance funds, industrial injury insurance funds, unemployment insurance funds and maternity insurance funds. In addition to the basic medical insurance fund and maternity insurance fund combined accounting, other social insurance funds are accounted for separately according to social insurance types. Social insurance funds implement a unified accounting system throughout the country.

The social insurance fund is earmarked for special purposes, and no organization or individual may occupy or misappropriate it. The basic old-age insurance fund will gradually implement national overall planning, and other social insurance funds will gradually implement provincial overall planning. The specific time and steps shall be stipulated by the State Council.

China People's Congress Network-People's Republic of China (PRC) Social Insurance Law