How to pay social security at the age of 60

Hello, dear. Elderly insured persons who have reached the age of 60 can choose two ways to participate in the insurance: way 1: the elderly do not pay, and the children who meet the conditions for participation pay. 80 yuan receives pension benefits. Method 2: Conditional elderly people can also choose to pay in one lump sum, and the payment amount is the monthly payment grade (40/60/90 yuan) multiplied by the number of payment months (calculated according to the actual number of months since the age of 75, the minimum is not less than 60 months). For the elderly who choose to pay, the government will pay the old-age insurance premium in 30 yuan (deducted from the payable amount) every year according to the payment period. Pension consists of basic pension 80 yuan and personal account pension (monthly payment grade). Social security refers to social insurance, which is an insurance system led by the government. In a narrow sense, social security refers to five types of insurance for urban workers: pension, medical care, unemployment, work injury and maternity, that is, the five types of insurance that the unit has to pay to employees. Social security in a broad sense, in addition to the above five kinds of insurance, also includes medical insurance for urban residents (for people without jobs in urban hukou, children and the elderly who do not enjoy or do not meet the conditions for enjoying employee social security). In addition, there are new rural endowment insurance and new rural cooperative medical care, which are aimed at people whose household registration is in the countryside, who do not work in the unit and cannot enjoy social security for employees.