The calculation method for individual pension insurance: basic pension = (the average monthly salary of local employees in the previous year when the employee retires + my average indexed monthly contribution salary) ÷ 2 × payment years × 1%.

When an individual reaches the statutory retirement age and has made cumulative contributions for fifteen years, he or she can receive the above-mentioned pension on a monthly basis.

The law is based on Article 16 of the "Social Insurance Law of the People's Republic of China". Individuals who participate in basic pension insurance and have made cumulative contributions for fifteen years when they reach the statutory retirement age will receive a basic pension on a monthly basis.

Individuals participating in basic pension insurance who have paid less than fifteen years of cumulative contributions when they reach the legal retirement age can pay for fifteen years and receive basic pensions on a monthly basis; they can also transfer to new rural social pension insurance or urban resident social pension insurance.

, enjoy corresponding pension insurance benefits in accordance with the regulations of the State Council.

Article 27 If an individual who participates in the basic medical insurance for employees reaches the legal retirement age and has paid cumulative contributions for the number of years specified by the state, he will no longer pay basic medical insurance premiums after retirement and will enjoy basic medical insurance benefits in accordance with the regulations of the state;

Yes, you can pay until the number of years specified by the state.

Warm reminder: The above answers are only based on the current information and my understanding of the law. Please refer to it with caution!

If you still have questions about this issue, it is recommended that you sort out the relevant information and communicate with professionals in detail.