5 1 year-old how to supplement social security?

5 1 is an embarrassing age, and many people have retired at this time. Some people have just started to apply for jobs. Many companies even recruited employees aged 5 1. Can they still pay social security at their age? If so, how to make it up? 5 1 year-old how to pay social security?

5 1 year-old how to supplement social security?

If you are 5 1 year-old and haven't paid social security, you can't pay it according to the current policy, and you can only pay it year by year. But you will be 66 when you pay the old-age insurance 15, which means that if you pay the old-age insurance from now on, you need to be 66 to retire.

What if I can't make it up?

For the older insured who cannot pay the old-age insurance for urban workers, it is recommended to participate in the old-age insurance for urban and rural residents.

5 1 one-year-old people can participate in the endowment insurance for urban and rural residents, and they can pay for it year by year before 59 years old, and the remaining payment years after 59 years old can be paid in one lump sum according to the current local policies. Every year, the government will subsidize the number of years of annual payment, and the government will no longer subsidize the number of years of one-time payment. When the cumulative payment reaches 15, both men and women who have reached the age of 60 can receive the basic pension for urban and rural residents' old-age insurance.

The pension benefits of urban and rural residents' pension insurance will be much lower than that of urban employees' pension insurance, but it is the best solution when employees' pension insurance cannot be repaid. Although the welfare is lower, at least the basic life can be guaranteed.

That's all. I hope it helps you.