I. Back Payment by Year

If you have reached the retirement age but have not yet paid into social security, you can continue to pay social security for the years you have not contributed. This way, you can receive social security benefits upon retirement. However, in this case, you must pay a late fee to compensate for the annual charges.

II. Delayed Retirement

If you have reached the legal retirement age and your social insurance has not yet reached 15 years, you can apply for delayed retirement, noting a maximum of 5 years.

When applying for delayed retirement, you can pay into social security while still working.

III. One-time Catch-up Payment

Although it is convenient to pay 15 years of social security in one lump sum, it is too unfair for those who pay social security annually. Therefore, under the new regulations, this method has been abolished.

Only those who meet the following conditions can satisfy the requirement in one lump sum:

(1) Employees of state-owned enterprises and institutions who retired before 2011;(2) Intellectual youths who went to the countryside from 1961 to 1982;

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(3) Retired individuals, male at 65 years old and female at 60 years old, who had already paid social security locally before 2011.

IV. Transition to Resident Social Security

If there is still a considerable time before reaching the 15-year payment period, choosing to pay annually may not be cost-effective. In such cases, it is also possible to consider converting employee social insurance to resident social insurance.

Some places may also allow for a one-time payment, but this approach has its drawbacks. On one hand, it can be administratively cumbersome, and on the other hand, it pertains to employee social insurance.

V. Ceasing Social Security Contributions and Withdrawing Funds

If you have not yet paid for 15 years and do not wish to spend more money to make up for the payments, you may apply for a refund of your social security contributions.

By doing so, you will no longer need to continue paying into social security, and the money you have previously contributed will be returned to you.

However, I do not agree with this approach. There is a consequence to this method: after retirement, you will not be able to enjoy medical insurance and pension benefits.Some questions about social security

1. What are the conditions for receiving a pension?

Answer: There are two conditions for receiving a pension: having paid contributions for at least 15 years and having reached the retirement age.

2. What is the legal retirement age?

Answer: For men, it is 60 years old, for female cadres it is 55 years old, and for female workers it is 50 years old. According to the document "Regulations on Delaying Retirement" that is expected to be issued this year, by 2045, the retirement age will be 65 years old for both men and women.

3. Does a break in social security payments affect the pension?

Answer: The 15 years refers to the accumulated contribution period, which can be interrupted and does not need to be continuous.

4. Is it necessary to continue paying after 15 years?

Answer: The longer the payment period and the higher the payment base, the more pension you will receive after retirement. If you stop participating in the insurance, you will not be able to enjoy other social security benefits, such as medical insurance ceasing, and you will not be reimbursed for hospital visits. Therefore, it is recommended that if you have the ability, you should continue to participate in the insurance.5. Where can one collect their pension?

A: Bring the original ID card, household registration book, and retirement certificate to register at the neighborhood committee. Of course, the procedures may vary by location, so it is recommended to consult with the local social security bureau.

6. Where can migrant workers collect their pensions?

Answer: After paying social security for 15 years, one can collect the pension locally or transfer it back to their hometown. If not collecting locally, it is necessary to go through the pension insurance transfer procedures. For detailed processes, it is recommended to consult the social security bureau.

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