Can I buy old-age insurance over 60?

Legal analysis: you can still pay old-age insurance after 60 years old. Those who participate in the basic old-age insurance have not paid for 15 years when they reach the statutory retirement age, they can pay for 15 years, receive the basic pension on a monthly basis, or transfer to the new rural social endowment insurance or urban residents' social endowment insurance. If you haven't paid old-age insurance before, you can buy rural old-age insurance after 60, but the role of old-age insurance is not very great, because middle-aged and elderly people will not get enough return when they buy old-age insurance at this age, which is not very cost-effective.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC) stipulates that individuals who have participated in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for 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.

Please click to enter the picture description (maximum 18 words).