How much does it cost to pay social security at 55?

The cost of paying social security at the age of 55 needs to be determined according to the local social security payment standards.

The cost of personal social security payment depends on the local social security payment standard, including the minimum payment base and rate. Under normal circumstances, the payment of social security is carried out on an annual basis, and the payment standard is calculated according to the lowest level of the payment standard of the current year in the area where the payment procedures are handled. If a 55-year-old wants to pay back social security, he needs to know the local social security policy and then calculate the amount to be paid back in one year. As the payment policy may change, you can directly consult the local social security agency to obtain the most accurate payment information.

Social security payment base:

1, the lower limit of payment base: usually 60% of the average salary of employees in the whole city in the previous year;

2. Upper limit of payment base: generally 300% of the average salary of employees in the city in the previous year;

3. Determination of payment base: The individual payment base is generally determined according to the average monthly salary of the individual in the previous year;

4. Base adjustment: the social security payment base will be adjusted every year according to economic development and changes in the average wage of employees;

5. Influence of base: The base of payment directly affects the amount of social security contributions of individuals and units.

To sum up, the 55-year-old individual should pay social security on the basis of the current social security payment standard in the region, including the minimum payment base and rate, calculated in years. Therefore, understanding local social security policies and consulting social security agencies are the key steps to obtain accurate payment information.

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.