Guangxi Liuzhou endowment insurance payment is less than 15 to retirement age. Should I pay in one lump sum before retirement or 15?

When reaching the statutory retirement age, the accumulated payment is less than fifteen years, and the payment can be made for fifteen years without a one-time payment.

According to the provisions of the Social Insurance Law of People's Republic of China (PRC):

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; 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 of the State Council.

Extended data:

According to the provisions of the Social Insurance Law of People's Republic of China (PRC):

Article 14 Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Nineteenth individuals across the overall regional employment, the basic old-age insurance relationship will be transferred, the cumulative payment period. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.