What should I do if I reach retirement age after paying social security for five years?

Legal analysis: First, individuals can continue to pay social security once or every month.

Payment of social security can be paid by the unit or by itself. Therefore, individuals who have participated in the basic old-age insurance can pay less than 15 years when they reach the statutory retirement age, and then receive the basic pension on a monthly basis. Individuals can pay in one lump sum or monthly.

Two, choose to transfer to the new rural social endowment insurance

The new rural social endowment insurance is referred to as "new rural endowment insurance". The biggest difference is the combination of individual contributions, collective subsidies and government subsidies. All rural residents who have agricultural registered permanent residence, 16 years old or above, are not students in school and have not participated in the basic old-age insurance for urban workers in this county can participate in the new rural social old-age insurance.

Three, choose to transfer to the social endowment insurance for urban residents.

Social endowment insurance for urban residents is similar to the new rural social endowment insurance. The insured is mainly 16 years old or above (excluding students at school). Staff of non-state organs and institutions and urban and rural residents who are not covered by the basic old-age insurance system for employees can participate in the old-age insurance for urban and rural residents at their domicile.

Four, choose to terminate the basic old-age insurance for employees.

Employees who are unable to continue to pay social security or choose not to pay social security may apply in writing to terminate the basic old-age insurance relationship for employees. However, the consequence is that the social security paid by the previous unit will no longer be able to enjoy the corresponding subsidies. In the event of related medical diseases, it will not be reimbursed, which is equivalent to not paying social security, and the balance of the personal account that paid social security before will be paid to me in one lump sum.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 7 The administrative department of social insurance in the State Council is responsible for the management of social insurance throughout the country, and other relevant departments in the State Council are responsible for the relevant social insurance work within their respective functions and duties.

The social insurance administrative department of the local people's government at or above the county level shall be responsible for the social insurance management within its administrative area, and other relevant departments of the local people's government at or above the county level shall be responsible for the relevant social insurance work within their respective functions and duties.

Eighth social insurance agencies to provide social insurance services, responsible for social insurance registration, personal rights and interests records, social insurance benefits payment and other work.