Forty. Is it too late to buy social security?

Whether it is employee pension insurance or resident pension insurance, you need to pay a total of 15 years, and you can receive a monthly pension after retirement at retirement age.

There are two ways to pay social security at the age of 40:

1. Pay social security for residents by yourself.

It's not too late to pay social security for residents at the age of 40. There are only two insurances for residents' social security: residents' endowment insurance and medical insurance. The retirement age of residents' pension insurance is 60 for both men and women, so it can be paid at the age of 40 and can be paid for 20 years.

In addition, at present, the old-age insurance for residents can usually be paid in one lump sum, that is to say, even if you have reached retirement age and have not paid the old-age insurance for residents, you can generally pay it directly in one lump sum.

As for residents' medical insurance, there is no need to worry about the cumulative number of years, because it is "pay for one year and enjoy one year".

2. Pay employee social security by yourself.

I can also pay employee social security as a flexible employee. However, unlike enterprises paying employee social security, I can only pay employee pension insurance and medical insurance, and I need to bear all the expenses myself, so the pressure is still relatively large.

We know that the legal retirement age of working workers is 60 for men, 55 for female cadres and 50 for female workers. For flexible employees, the retirement age is 60 for men and 55 for women. In some areas, women can retire at the age of 50, depending on local policies.

At present, employee pension insurance is usually not allowed to be paid in one lump sum, and only qualified individuals can pay in one lump sum. Therefore, if the retirement age is 50, the social security will not be paid until the age of 40, which will not reach the fixed number of years of 15. It is usually necessary to postpone retirement until the payment reaches 15. How to deal with it, you can consult the local social security department in detail.

In addition, unlike residents' medical insurance, employees' medical insurance also has retirement benefits, and they can enjoy employee medical insurance benefits without paying fees after retirement. Standards vary from place to place, mostly for men for 25 years and for women for 20 years. However, if you don't accumulate the required number of years when you retire, you can generally make up for it at one time. You can consult the local social security department for details.

Generally speaking, it is not too late to start paying social security at the age of 40, but the sooner you start paying social security, the better, because our pension is "pay more, pay more", and the cumulative payment period is long, so there will be more pensions in the future.

In addition, compared with residents' social security, although the cost of employee social security is much higher, the treatment is relatively higher, so it is recommended to give priority to employee social security if conditions permit. For those who pay social security for their employees, there are flexible employment social security subsidies in many areas at present, which can help the insured to reduce a lot of payment burden. You can consult the local social security department to see if you meet the acceptance conditions.