Not now. If you want to participate in the insurance, you will continue to pay monthly fees until you pay 15 years. The pension will be calculated for you after payment 15 years. For example, you started paying at the age of 58. After the age of 60, it will be paid monthly until it reaches 15 at the age of 73, and then the pension will be calculated. 60-73-year-old 13 will certainly not reissue the pension.
Of course, China has a vast territory and abundant resources, so some policies of the central authorities will not be put into place. Specific to the local social security policy. However, Zhejiang Province has implemented this policy. There will be no one-time social security payment (medical insurance can be paid in one lump sum)