What if Wan Xin people haven't bought 15 years of social security when they reach retirement age?

1. Paragraph 2 of Article 16 of the Social Insurance Law stipulates that individuals who participate in the basic old-age insurance can receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and pay 15 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 of the State Council. According to this regulation, workers can choose to continue to pay or transfer social security.

2. Article 2 of "Several Provisions on Implementing the Social Insurance Law of People's Republic of China (PRC)" stipulates that when individuals participating in the basic old-age insurance for employees reach the statutory retirement age, if the accumulated payment is less than 15 years, the payment may be extended to 15 years. If the social insurance law is still less than 15 years after implementation and the payment is extended for 5 years, it can be paid in one lump sum until it reaches 15 years.

Article 3 stipulates that if an individual who participates in the basic old-age insurance for employees reaches the statutory retirement age, and the accumulated payment is less than 15 years (including the extension of payment according to Article 2), and has not been transferred to the new rural social endowment insurance or urban residents' social endowment insurance, the individual may apply in writing to terminate the basic old-age insurance relationship for employees. After receiving the application, the social insurance agency shall inform it in writing of its right to transfer to the new rural social endowment insurance or urban residents' social endowment insurance and the consequences of terminating the basic endowment insurance relationship for employees. After my written confirmation, I will terminate the employee's basic old-age insurance relationship and pay me the amount stored in my personal account in one lump sum.