I am 60 years old and have only paid social security for 8 years. What should I do?

The solution to this situation is to delay retirement, annual payment and surrender.

1. Delayed retirement: continue to pay social security to 15, and the retirement time will be postponed. It should be noted that the payment time can only be postponed for up to five years. If it is less than 15 years, the social security expenses for the remaining years can be made up in one lump sum.

2. Pay back the pension annually: After paying back the pension, you can receive the pension normally on a monthly basis after retirement. However, according to the length of overdue payment, it is necessary to bear a certain late payment fee.

3. Surrender: If you think that the payment is not cost-effective, you can choose not to continue to pay. The personal part of the old-age insurance you paid before can be returned in full, but it also means giving up the right to receive a pension.