What is the law of social security payment exceeding 15?

Legal Analysis: According to Article 16 of the Social Insurance Law of People's Republic of China (PRC), individuals who have participated in the basic old-age insurance for less than 15 years can receive the basic pension on a monthly basis when they reach the statutory retirement age; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions.

Under normal circumstances, rural residents, urban residents, employees of enterprises and institutions, and flexible employees can only go through retirement procedures after the age of 60. When reaching the statutory retirement age, if the accumulated contributions are less than 15 years, they can pay back to 15 years and receive the basic pension on a monthly basis. In other words, civil servants who have not worked for 30 years, are less than 5 years away from the retirement age stipulated by the state and have worked for 20 years can retire early under special circumstances, and need to pay endowment insurance until retirement.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can receive the basic pension on a monthly basis until they pay for fifteen years. Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions.