How to buy old-age insurance at the age of 53

You can buy endowment insurance.

1. According to the provisions of the Social Insurance Law, individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid the accumulated contributions for fifteen years. The basic pension consists of overall pension (called basic pension in the current system) and personal 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. If the payment is less than fifteen years, it can be paid 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.

2. According to the above provisions of the Social Insurance Law, you can also purchase new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.

3. Men can buy social insurance at the age of 53, and male workers can retire at the legal age of 55 after paying for 2 years. But you have to pay 13 of the old-age insurance to get the pension. Female employees reach the statutory retirement age at the age of 50, and may not purchase social insurance at the age of 53. 53-year-old female cadres and 53-year-old cadres and men can buy social insurance just like 53-year-old male workers. When you reach the legal retirement age, you have to pay 15 years to pay the pension.

Legal basis:

"Social Insurance Law of People's Republic of China (PRC)" 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 for fifteen years at 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.

Derivative problem:

How do individuals pay endowment insurance?

Individuals who participate in social insurance, according to the method of freelancers participating in social insurance, freelancers can only participate in the payment of endowment insurance and medical insurance.

1. Old-age insurance: Bring my ID card, unemployment certificate and two 1 inch photos to the business window of the local social security center.

2. Medical insurance: After completing the old-age insurance procedures, take the above materials and the well-run old-age insurance manual to the business window of the local medical insurance center. Just pay the fee normally according to the regulations. Freelancers, urban individual industrial and commercial households and flexible employees participate in the basic old-age insurance. The payment base is the average salary of local employees in the previous year, and the payment ratio is 20%, of which 8% is credited to personal accounts. After retirement, the basic pension is calculated and paid according to the basic pension plan for enterprise employees. Medical insurance: Freelancers and self-employed individuals can choose to set up a pool fund instead of a personal account. Pay the basic medical insurance premium at 4.2% of the local average monthly salary in the previous year; You can also choose to pay 8% of the local average monthly salary in the previous year.