What should I do if I have paid social security for ten years at the age of 50? What to do if the 50 year old social insurance has been paid for ten years? If the 50 year old social insurance has been paid for ten years, it needs to be paid for five more years, or after reaching the statutory retirement age, apply for the new rural social endowment insurance or urban residents' social endowment insurance in the place of household registration. According to the relevant provisions of Several Provisions on the Implementation of the Social Insurance Law of the People's Republic of China: Article 2 When an individual participating in the basic endowment insurance for employees reaches the statutory retirement age, if the cumulative payment is less than 15 years, the payment can be extended to 15 years. Before the implementation of the Social Insurance Law, if the insurance participation and payment extension are still less than 15 years after five years, the payment can be made in a lump sum up to 15 years. Article 3 After reaching the statutory retirement age, an individual participating in the basic old-age insurance for employees who has paid less than 15 years in total (including the extension of payment in accordance with the provisions of Article 2) may apply for a new type of rural social endowment insurance or urban residents' social endowment insurance in the place where his household registration is located, and enjoy the corresponding old-age insurance benefits. Do you understand this explanation?
