Can I pay social security in my fifties?

I can pay social security in my fifties.

People aged 50 can buy old-age insurance. Employees who have participated in the basic old-age insurance for less than 15 years when they reach the statutory retirement age may choose to extend the payment time until they meet the conditions of 15 years. For those who have been insured before the implementation of the Social Insurance Law, if they fail to reach the minimum payment period of 15 years after extending the payment for 5 years, they have the right to pay the payment period of 15 years in one lump sum. In this way, after retirement, you can receive a basic pension every month and enjoy the protection brought by old-age insurance.

Age limit for paying social insurance:

1. According to national regulations, the upper age limit for social security contributions is 60 for men and 55 for women;

2, individual industries or occupations may have special provisions, such as the retirement age of female cadres and professional and technical personnel can be extended to 60 years old;

3. After reaching the statutory retirement age, individuals can choose to continue to pay social security, but they must abide by relevant policies;

4. In some areas, there are subsidies or preferential policies for individuals over the statutory retirement age to pay social security;

5. The payment period of social security is usually linked to receiving pension benefits. The longer the payment period, the richer the pension benefits may be.

To sum up, people in their fifties can buy old-age insurance. When they reach the legal retirement age, if the payment period is less than 15, they can choose to extend the payment time or pay in one lump sum to meet the requirements of 15. In this way, after retirement, you can enjoy the protection brought by the old-age insurance and receive the basic pension on a monthly basis.

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.