Job Recruitment Website - Social security inquiry - Can I buy social security at retirement age?
Can I buy social security at retirement age?
Legal basis: Paragraph 2, Article 44 of the Labor Contract Law of People's Republic of China (PRC), according to which the labor contract is terminated if the employee starts to enjoy the basic old-age insurance benefits according to law.
"Social Insurance Law of People's Republic of China (PRC)" 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 for fifteen years at 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.
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