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Can you make up 5 years of social security payments
Yes, you can. Can make up for previous years, as long as the provisions of the late payment fee can be paid to make up for. If you have accumulated less than 15 years of contributions when you reach the statutory retirement age, you can extend your contributions to 15 years. If you joined the program before the implementation of the Social Insurance Law and still have less than 15 years of accumulated contributions after five years of extended contributions, you can make a one-time retroactive contribution until you reach the full 15 years. In order to receive a basic pension, three conditions must be met: 1) reaching the legal retirement age and having gone through retirement formalities; 2) the unit and individual participating in pension insurance in accordance with the law and fulfilling the obligation to pay pension insurance contributions; 3) the individual having paid contributions for at least 15 years.
Legal Objective:The People's Republic of China **** and the State Social Insurance Law Implementation Rules Article 2 Individuals participating in the basic pension insurance for employees to reach the statutory retirement age, the accumulated contributions of less than fifteen years, you can extend the contributions to the full fifteen years. Before the implementation of the social insurance law to participate in the extension of contributions for five years is still less than fifteen years, you can make a one-time contribution to the full fifteen years.
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