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What if I pay social security and die?
If a person dies after paying social security, the benefits are as follows:
1, no compensation will be given if he dies before reaching the pension age. Only the individual contribution and interest in the personal account of the endowment insurance will be returned to the heir at one time, and the endowment insurance relationship will be terminated at the same time.
2. If a person dies before receiving a pension, the balance of personal contributions and interest in the personal account of the old-age insurance, less the part that has been received in the past, will be returned to the heir at one time, and the old-age insurance relationship will be terminated at the same time.
Legal objectivity:
Article 14 of the Social Insurance Law of People's Republic of China (PRC) * * * Personal account shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.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. Article 17 of the Social Insurance Law of People's Republic of China (PRC), if an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral subsidies and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.
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