Can social security be paid once a year?

Social security can be paid in one lump sum if it meets the requirements.

When the insured reaches the legal retirement age, if the accumulated payment is less than fifteen years, he can pay for fifteen years and receive the basic pension on a monthly basis; If the deferred payment is still less than 15 years after 5 years, it can be paid once to 15 years.

Pay attention to the time of social security payment. Old-age insurance can be paid at any time of the year and before the end of the year. However, medical insurance suggests paying in advance, and it is also possible to pay later. But you can't enjoy medical insurance during the suspension period, and it takes three months to recover the effect. Therefore, it is recommended to pay medical insurance in advance, and medical insurance can also be paid in one lump sum.

Social security contributions are converted according to the average social wage. With the average social wage increasing year by year, the social security payment will also increase year by year, and it will be higher year by year. It is necessary to know that the payment ratio and the average social wage can be selected and calculated. If you pay social security yourself, the maximum payment base can only be 100% of the average social wage, which is low, but the premiums paid by individuals will be more, all of which will be borne by individuals.

legal ground

People's Republic of China (PRC) Social Insurance Law Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance to protect citizens' right to get material help from the state and society in the event of old age, illness, industrial injury, unemployment and maternity. Article 12 The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of employees stipulated by the state and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

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.