How to buy social security over 50 years old?

1. The first is to pay employee pension insurance as a flexible individual. His greatest advantage is that he can receive a pension after retirement and enjoy the same pension benefits as those who pay social security at work. But there is a premise, that is, he can't pay in one lump sum, and he must pay 15 years. And now he has an age limit, stipulating that women are 50 years old, and men will no longer apply for individual pension insurance after 60 years old. Everyone should know this age limit.

The second method is that you pay the endowment insurance for urban and rural residents directly. Its biggest advantage is that it supports one-time payment. Even if you are 50 years old and didn't pay social security last month, you can get a normal pension after retirement as long as you pay it once before you are 60 years old. And the payment grade is also very flexible. The annual payment standard ranges from several hundred to several thousand. You can decide the payment grade according to your own economic situation. Although this method has less pension, it is better than nothing.

3. The third method is to prepare commercial endowment insurance directly for yourself. If economic conditions permit, you can get a considerable pension after retirement by planning ahead. Commercial pension is more flexible in payment. You can pay it once, or three to five years, or ten years.

4. The fourth is to delay retirement. Employees who have reached retirement age but have paid less than 15 years can apply for delayed retirement, so that they can continue to pay pension insurance, and they can receive pensions when they reach retirement age 15. This situation is suitable for people around 40 years old. No matter whether you pay endowment insurance for urban workers or endowment insurance for urban and rural residents, in short, you can pay as early as you can and as much as you can. The younger the better.

Legal basis:

Social Insurance Law of People's Republic of China (PRC) (revised on 20 18).

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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.