Fifty years old to pay social security cost-effective

Legal analysis: it is not cost-effective to pay social security at the age of 50; as a 50-year-old who has never participated in the basic pension insurance, then the establishment of employee pension insurance, in fact, relatively late, because this employee pension insurance needs to reach a cumulative total of more than 15 years of contributions to be able to apply for retirement, enjoy the treatment of this pension, so that the age of 50 years old began to pay for the basic pension insurance, then also means that one can only apply for retirement at the age of 65 years old to enjoy the treatment of this pension. It means that you can only retire at the age of 65 and enjoy the basic pension. Then this situation is not necessary to participate in the insurance, because the employee's pension insurance is not able to retire before the one-time retroactive payment, to complete all the cumulative contribution years, if the cumulative contribution years in the statutory retirement age before the 15 anniversary of such a provision, then you can only choose to delay retirement, year by year to pay the fees, until their own cumulative pension insurance to reach the 15th anniversary of the retirement, enjoy the pension treatment, then this is a very good way to delay retirement. The company's main goal is to provide the best possible service to its customers, so that they can enjoy the benefits of the pension, so it is not cost-effective.

Legal basis: "The Chinese people **** and the State Social Insurance Law" Article 16 Participating in the basic pension insurance individuals, to reach the legal retirement age of accumulated contributions for 15 years, the basic pension monthly.

Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach the full fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or the urban residents' social old-age insurance, and shall enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.