5 1 is it too late to pay social security?

5 1 year-old is not too late to pay social security.

The social insurance policy allows 5 1 year-old to start paying social security. It started late, but social security contributions provided a guarantee for old-age care and medical care. After paying social security, you can get a pension and enjoy medical insurance reimbursement. Even if you start to pay at the age of 5 1, it is also a plan and guarantee for your future life. Due to the late start of payment, it may be necessary to choose to postpone retirement or pay urban and rural residents' insurance as a flexible employee to meet the retirement conditions.

Social security payment period:

1, the influence of social security payment period on pension: the longer the payment period, the higher the pension base;

2. Minimum payment period requirements: According to the policies of different regions, the minimum payment period that needs to be met before retirement is usually 15 years;

3. Provisions on paying back social security: Some areas are allowed to pay back social security under certain conditions to meet the minimum living requirements;

4. The impact of social security payment on medical insurance: you can enjoy more medical insurance benefits by continuing to pay social security;

5. Social security pays interest on unemployment insurance: paying social security can get unemployment benefits for a certain period of time when you are unemployed.

To sum up, although 5 1 year-old began to pay social insurance late, it is still an important planning and guarantee for future pension and medical needs. To meet retirement conditions, we can guarantee the economic security and medical needs of the elderly by delaying retirement or paying urban and rural residents' insurance.

Legal basis:

People's Republic of China (PRC) social insurance law

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 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.