Is it necessary to continue to pay social security after 15?

If you pay social security for fifteen years, you don't have to pay it. The law clearly stipulates that individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for 15 years. Therefore, a party who has paid social insurance for fifteen years can receive a basic pension on a monthly basis after retirement. Then, if the individual social insurance has been purchased for 15 years, he can continue to purchase different ones. However, we should pay special attention to the fact that the basic pension will be determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population and so on. Then the longer the retirees pay, the more basic pensions they receive.

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

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for fifteen years.

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.