What should I do if I reach retirement age after paying social security for three years?

Legal analysis: If the old-age insurance payment of registered residents in this city is insufficient 15 years when they reach retirement age, they can apply for individual deferred payment. If the payment continues for 5 years and is still insufficient, it will be paid in one lump sum until it reaches 15 years. If you are not registered in this city, you can apply to transfer back to the place where your account is located to continue to pay. You can also surrender your insurance. Surrender only returns the balance of personal account.

Legal basis: 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 if they have accumulated contributions for 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.