What conditions do residents in Gaoming District, Foshan City, Guangdong Province need to pay social security?

(1) If the insured person is over 60 years old but the accumulated payment period has not reached the prescribed payment period, he can continue to pay the fee year by year and enjoy the corresponding government payment subsidy;

(2) If the payment reaches the age of 65 and fails to reach the prescribed payment period, you can pay the old-age insurance premium in one lump sum and receive the pension on a monthly basis, but you do not enjoy the government's payment subsidy;

(3) If the insured person is over 60 years old and the accumulated payment period has not reached the prescribed payment period, if he does not continue to pay the fee year by year or pay back the prescribed payment period, he will not issue a basic pension, but can apply for a personal account pension on a monthly basis until the payment is completed.

2. If the insured person interrupts the payment, his personal account shall be kept by the social insurance agency, and the interest shall be calculated continuously. Those who pay back in the future do not enjoy the government's payment subsidies, and the accumulated amount of personal account storage and payment period are calculated.

3. The above reference materials and more content sources: Measures for the Implementation of Social Endowment Insurance for Urban and Rural Residents in Guangdong Province (Yuefu [2013] No.92).