What if women reach retirement age and social security is less than fifteen years?

Legal analysis: The insured who participates in employee pension insurance has reached the statutory retirement age, and the accumulated payment period of employee pension insurance is less than 15, so the payment shall be made in the following two ways until it reaches 15:

1, deferred payment

In July of 20 1 1 year (that is, after the implementation of the Social Insurance Law) and thereafter, those who apply to participate in the basic old-age insurance for employees of urban enterprises and pay the basic old-age insurance premium, who reach the statutory retirement age and the payment period is less than 15, can go through the retirement formalities, and can extend the payment to 15, and retire from the approval.

2. One-time payment

Before June 30th, 20 1 1 year (that is, before the implementation of the Social Insurance Law), the insured persons who have handled the basic old-age insurance for employees of urban enterprises and paid the basic old-age insurance premium will reach the statutory retirement age after July 30th, 201/year (inclusive), and the payment period is insufficient1year. If the deferred payment is still less than 15 years after 5 years, it can be paid in one lump sum until the expiration of 15 years, and the basic pension will be paid from the month after the payment is completed.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC) stipulates that individuals who have participated 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.