At what age should social security be paid?

Social security is paid from the age of 16.

The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to get material help from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children. Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services.

Social security payment time:

1. Employees of enterprises and institutions who work should pay social insurance from the beginning of their employment;

2. Staff of public institutions and employees of enterprises should pay social insurance until retirement age, and the minimum payment must reach 15 years before they can retire and receive pensions;

3, flexible employment pension insurance, the cumulative minimum payment period 15 years, to retire at retirement age.

To sum it up. Because the payment base of social security is increasing every year, early payment and late payment are almost the same. If you pay late, you will pay more money every month; If you pay it back early, you will pay less money every month, but the interest will be more over the years. In this way, no matter whether you pay early or late, the money in your personal account will be similar when you retire, and the amount of pension will not be too bad.

Legal basis:

Article 13 of the Social Insurance Law of People's Republic of China (PRC)

Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government. When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Article 15

The 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.