How to pay social security after retirement at 54?

Social security was paid at the age of 54. Social security after retirement is handled as follows:

Social security 1, paid at the age of 54, and can be paid until the statutory retirement age; Men are generally 60 years old and women are 55 years old;

2. If the payment period is less than 15 when reaching the statutory retirement age, you can choose to pay a lump sum to 15 to meet the conditions for receiving the basic pension;

3. After reaching the statutory retirement age, you can also transfer to the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy corresponding treatment in accordance with the provisions of the State Council;

4. The calculation of the basic pension will take into account 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.

Protection of social security rights and interests:

1, basic old-age insurance: to provide protection for the basic life after retirement;

2. Basic 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-related injury insurance: provide medical and economic assistance in case of work-related injury or occupational disease;

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

To sum up, retirees who only pay social security at the age of 54 can choose to pay social security until the statutory retirement age, or pay it in one lump sum until they are 15 years old, so as to meet the conditions for receiving the basic pension. In addition, you can also choose to transfer to the new rural social endowment insurance or urban residents' social endowment insurance and enjoy the corresponding treatment. Many factors will be considered in the calculation of basic pension, including individual payment period, payment salary, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

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.