Is it still useful to pay social security at the age of 50

It is still useful to buy social security at the age of 50. Although everyone thinks it is useless to retire at the age of 50 and buy social security, this is not the case. The old-age insurance in social security must be paid in 15 years, and you can receive a monthly pension after retirement, which can provide protection for the future old-age life.

The statutory retirement age stipulated by the state is 50 for female employees, 60 for male employees and 55 for female cadres. So for male employees, you can continue. If the female employee is over 50 years old and the social security payment is less than 15 years, the payment can be extended for 5 years. If the accumulated amount after the extension is still less than 15 years, the insufficient part can be paid in one lump sum in the last month of the extension of the payment period.

The process of applying for a social security card is as follows:

1. The applicant brings relevant information to the social security card service station to apply;

2, social security card service station to receive information, and audit;

3, after the audit, confirm the information is correct, accept the application for social security card, and issue the social security card to the applicant.

I hope the above content can help you. Please consult a professional lawyer if you have any other questions.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC).

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.