A 60-year-old urban resident in Taoyuan County has paid social security in Shanghai for three years, and he should still be enjoying social security now.

There are two ways to apply for endowment insurance: 1. You are an urban resident in the household registration, and you can apply for self-payment at the social security bureau in the household registration. Bring your ID card, unemployment certificate, household registration book, digital photo receipt and bank passbook to the personal payment window of the Social Security Bureau. Social security of 15 cannot be paid in one lump sum, but it is paid monthly. The minimum payment period of social security is 15 years, and you can enjoy a monthly pension when you reach retirement age. If you start to pay social security now, you will only have three years to pay when the legal retirement age is 60, and you can only apply for delayed retirement to make up for the unexpired period, and you will not receive a pension until you are 72. (Please consult the local social security bureau for details) 2. As a registered residence, urban residents can buy old-age insurance for urban residents at the registered residence, pay the old-age insurance in one lump sum, and receive a monthly pension at the legal retirement age. Bring your ID card, household registration book and photos to the community workstation (Ethnic Affairs Commission) where you live. (For details, please consult the neighborhood office or community workstation where you live.)

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.