Can the company help pay social security when it is over 60?

In principle, women and men who have paid insurance contributions by the employer shall not continue to be insured as employees after reaching the age of 55 or 60, and the employer shall stop insurance for employees in time when they reach retirement age. Payment standard of only-child fee for retirees: Both husband and wife are only-child families of urban residents, and they can enjoy a subsidy of 5,000 yuan each when they retire, totaling 1 1,000 yuan. After reaching the age of 60, both parties are one-child families with rural hukou, and they can receive subsidies from 720 yuan every year, but families with a rural hukou and an urban hukou can only receive subsidies of 5,000 yuan. The above conditions must be that both parents are over 60 years old. However, it should be noted that local standards are not the same. According to Ministry of Human Resources and Social Security's plan, the gradual delayed retirement will be implemented: the retirement age will be extended by several months every year until it reaches the newly drafted legal retirement age after a long time. Starting from 20 18, women's retirement age will be delayed by 1 year every three years, and men's retirement age will be delayed by 1 year every six years until they reach 65 years old in 2045.

Legal basis:

Article 16 of People's Republic of China (PRC) Social Insurance Law

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach 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.

Derivative problem:

Is social security a pension?

No, retirement pension: according to the social insurance system, the state pays monthly or lump-sum insurance benefits in the form of money after workers are old or lose their ability to work, according to their contributions to society and their qualifications for enjoying old-age insurance or retirement conditions, which is mainly used to protect the basic needs of employees after retirement. Old-age insurance: the full name of social basic old-age insurance is a social insurance system established by the state and society according to certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.