Is it cost-effective to pay pension insurance at the age of 50?

Legal analysis: it is not cost-effective to pay old-age insurance at the age of 50. Everyone should consider the situation of not using it. At the age of 50, you can also pay old-age insurance. The social security center will determine the amount to be paid each month according to the backward method.

1. Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age.

2, to participate in the basic old-age insurance, individuals reach the statutory retirement age to pay less than fifteen years, you can pay for fifteen years, and receive a monthly basic pension; 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.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). 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.