Is it appropriate to pay social security at the age of 50

Paying social security at the age of 50 is definitely not cost-effective. The minimum payment period of social security is 15 years. Paying social security at 50 means delaying retirement. The legal retirement age in China is 60 for men and 50 for women.

1.50 Is it cost-effective to pay social security?

It is not worthwhile to pay social security at the age of 50; As a 50-year-old who has never participated in the basic old-age insurance, it is actually late to establish employee old-age insurance now, because this employee old-age insurance needs to be paid for more than 15 years to retire and enjoy the benefits of this pension. Therefore, if he starts to pay this basic old-age insurance at the age of 50, it means that he can retire at the age of 65 and enjoy the treatment of this basic pension. Therefore, there is no need to participate in this situation, because the employee pension insurance cannot be paid in one lump sum before retirement, and the accumulated payment period cannot be fully completed. If the cumulative payment period does not reach the15th anniversary before the statutory retirement age, then they can only choose to postpone retirement and pay contributions year by year until their pension insurance reaches the15th anniversary, before they can retire and enjoy pension benefits, so obviously, they can't apply until they are 65 years old.

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

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.

2. What are the conditions for applying for a social security card?

1. Female under 50 years old, male under 60 years old.

2. The insured has gone through the formalities for the renewal of endowment insurance.

3. Generally, social security card applications are accepted on 1-24 every month.

4. Insured persons who receive basic old-age insurance benefits on a monthly basis in this city can handle it.

With my second-generation ID card and photo receipt issued by the photo studio, I can go to the four major state-owned banks to apply for social security.

To sum up, social security can be paid by myself or by the employer for employees, but when to pay it depends on whether you have reached retirement age. Generally, the older you get, it will not be cost-effective to pay social security, and now you can't have sex at once. You must pay for fifteen years in accordance with the regulations before you can go through the retirement formalities.