Is it necessary to pay social security at the age of 54

According to China's "Social Insurance Law", even at the age of 54, social security needs to be paid, because as long as an individual reaches the statutory retirement age and has paid for 15 years, he can receive a basic pension on a monthly basis. If the accumulated payment is less than fifteen years when reaching the statutory retirement age, you can also choose to pay back fifteen years. In addition, for those who began to pay social security before 20 1 1 year, if the payment period is insufficient, they are also allowed to pay back until they meet the minimum collection conditions. Therefore, even if you start to pay social security at the age of 54, you can still pay it back to ensure that you can get basic old-age security after retirement.

Protection of social security rights and interests:

1, old-age insurance: guarantee the basic living security after retirement;

2. Medical insurance: reducing the economic burden of seeking medical treatment due to illness;

3. Unemployment insurance: provide a certain living allowance during unemployment;

4. Work injury insurance: provide medical care and living security when injured at work;

5. Maternity insurance: to protect the rights and interests of female employees during childbirth.

To sum up, even if you start to pay social security at the age of 54, you can still get basic old-age security by paying back after retirement until you meet the minimum requirements.

Legal basis:

People's Republic of China (PRC) social insurance law

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 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.