Can I make up for not paying enough social security at retirement age?

When you reach retirement age, you can pay social security if you don't pay enough. These methods are as follows:

1, one-time payment. Social security can be paid in one lump sum when you retire after 15 years;

2. Delay retirement and continue to pay back. The insured can choose to postpone retirement until the accumulated payment period reaches 15 years, but it should be noted that it can only be postponed for 5 years. During the period of delayed retirement, pay social security while working;

3. Turn employee pension insurance into resident pension insurance. If there is still a long time before 15 payment, it is not cost-effective to choose annual payment, and you can also consider changing employee social security to resident social security;

4. If the surrender and social security payment are less than 15 years, individuals can choose to give up paying social security and apply to terminate the pension insurance relationship. Individuals who participate in the basic old-age insurance for employees have paid less than fifteen years after reaching the statutory retirement age and have not been transferred to the new rural social endowment insurance or urban residents' social endowment insurance. Individuals can apply in writing to terminate the basic old-age insurance relationship for employees. In this way, the insured person can receive the balance of his personal account at one time, but he can't enjoy the basic social security benefits afterwards.

The benefits of social security are:

1. Provide life security after retirement: After paying social security, the insured can receive a monthly pension after reaching retirement age and enjoy a more comfortable old age.

Second, provide an accident protection: social security includes medical insurance, work injury insurance and unemployment insurance. Medical insurance can reimburse medical expenses, industrial injury insurance can provide insurance compensation after industrial injury, and unemployment insurance can provide basic living security after unemployment.

Third, obtain relevant qualifications in some cities: after paying social security and reaching certain standards, the insured can obtain qualifications such as buying a house, settling down, buying a car and shaking the number.

Fourth, reduce the payment of personal income tax: the social security part does not need to be included in the personal tax payable. After the employer withholds the social security part, the personal tax base will be reduced, and the personal income tax to be paid will also be reduced.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 16

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.

Article 27

Individuals who participate in the basic medical insurance for employees will not pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with the provisions of the state if they reach the statutory retirement age and the accumulated payment has reached the fixed number of years stipulated by the state; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.