50-year social security deferred payment of arrears

1, arrears means that when the social security was ready to stop paying, it didn't go to the social security bureau to stop paying. The account is in a normal state, and non-payment is arrears.

2. You must pay before you can renew your social security, especially when you are near retirement age. It is not recommended to give up the years of arrears, and the years of payment such as pension and retirement medical care are related to the post-retirement treatment.

Referring to a formula, I think you can understand:

The main factors that affect the pension level are: the average salary of local society in the last year before retirement, the level of payment base, the length of payment period and so on. Basic formula: basic pension = average monthly salary of employees in the whole city one year before retirement ×20%+ personal account principal and interest and ÷ 120+ adjustment coefficient. The actual calculation formula will vary from place to place and be influenced by local policies. The adjustment parameters are specified according to the length of payment period, initial working hours and local policies.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.