How to deal with the social security before retirement did not pay the full 15 years

If you have reached the legal retirement age, the accumulated social security contributions for less than 15 years, according to the provisions of the retirement is not able to receive a monthly pension. There are three ways to deal with this situation:

1. Delayed retirement, continue to pay social security contributions until the full 15 years, and then you can receive a monthly pension.

2, the social security to the new rural social pension insurance or urban residents social pension insurance.

3. Make a one-time contribution for 15 years.

According to Article 16 of the Social Insurance Law, there are two ways to deal with a person who has not paid the full 15 years of social security at the time of retirement:

1. If an individual who participates in basic pension insurance has accumulated less than fifteen years of contributions by the time he reaches the legal retirement age, he can pay contributions until he reaches the full fifteen-year limit, and then receive a basic pension on a monthly basis;

2. Transferring social security to the new rural social pension insurance or the urban residents' social pension insurance, and then receiving the basic pension on a monthly basis in accordance with the State Council. Urban residents social pension insurance, in accordance with the provisions of the State Council to enjoy the corresponding pension insurance treatment

Participating in the new rural social pension insurance of rural residents, in line with the conditions set by the State, the new rural social pension insurance entitlements on a monthly basis

Social insurance in our country is a social public welfare undertakings, the number of people involved in the number of people is relatively large, in particular, the enterprise's employees must participate in, sometimes due to personal reasons before retiring, the number of people involved in the social security system. Sometimes due to personal reasons lead to the retirement before not paying contributions for 15 years. Of course, you can also delay retirement, if in our country reached the legal retirement age, and social insurance has not paid 15 years can apply for delayed retirement, up to 5 years. When retirement is delayed, people can work while continuing to pay into Social Security. The vast majority of people who can make up for Social Security do not want to delay retirement (except for public employees).

The formula for how much pension you can receive after retirement is as follows:

Pension formula:

Monthly pension in hand=monthly basic pension+monthly personal account pension

(1)Monthly basic pension=(monthly average salary of all workers in the province in the previous year+indexed average monthly salary of the person's contribution)÷2×years of contribution×1%

(1)Monthly basic pension=(monthly average salary of all workers in the province in the previous year+indexed average monthly salary of the person) ÷2×years of contribution×1%

(2)Individual account pension = balance of individual account ÷ number of months of payment (195 for age 50, 170 for age 55, and 139 for age 60)

Legal basis:

The Law of the People's Republic of China*** and the State of China on Social Insurance

Article 16 Individuals who have participated in the basic old-age pension insurance, and who have accumulated fifteen years of contributions by the time they have reached the legal retirement age, shall Individuals who have participated in basic pension insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach the full fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social pension insurance or the urban residents' social pension insurance, and enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council

Article 21 The new type of rural social pension insurance shall be composed of a basic pension, an old-age pension and an urban residents' social pension insurance, and the corresponding old-age insurance benefits shall be paid in accordance with the provisions of the State Council. Social pension insurance treatment consists of a basic pension and a personal account pension.

Rural residents who participate in the new rural social pension insurance and meet the conditions set by the State shall receive the new rural social pension insurance benefits on a monthly basis