Can I still buy social security when I am 50 years old?

Can I still buy social security when I am 50 years old?

You can buy social security at 50. In China, anyone who has not reached retirement age can participate in social insurance. For the 50-year-old, the main purpose of participating in social security is to pay 15 years when reaching the statutory retirement age, so as to receive the basic pension on a monthly basis after retirement. In addition, participating in social security can also enjoy medical care, unemployment, work injury, maternity and other insurance benefits.

I. Conditions for participating in social security

The insured must be an employee who has not reached retirement age and has not yet enjoyed the basic old-age insurance benefits. Those who meet the above conditions at the age of 50 can participate in social security.

Second, the social security payment standard

The social security payment standard depends on factors such as region, industry and individual salary. 50-year-old people need to pay according to the payment standard stipulated by the local social security department to participate in social security.

Three. Enjoy social security benefits

After the insured person participates in social security, he can pay a total of 15 years when he reaches the statutory retirement age, and receive a basic pension on a monthly basis after retirement. In addition, the insured can also enjoy medical treatment, unemployment, work injury, maternity and other insurance benefits. The specific conditions and treatment level should be determined according to the provisions of the local social security department.

To sum up:

50-year-old people can buy social security. As long as you meet the conditions of insurance and pay according to the prescribed payment standard, you can enjoy basic pension and other insurance benefits after retirement. Therefore, it is very necessary for people aged 50 to participate in social security.

Legal basis:

Article 10 of the Social Insurance Law of People's Republic of China (PRC) stipulates that employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights and interests records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 16 of the Social Insurance Law of People's Republic of China (PRC) stipulates that individuals who have participated 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.