Job Recruitment Website - Social security inquiry - What are the three conditions for one-time payment of social security?

What are the three conditions for one-time payment of social security?

Legal analysis: one-time payment of social security, generally only pension insurance. The three conditions are: 1. Must be an individual who participates in the basic old-age insurance; 2. Must reach the statutory retirement age; 3. The accumulated payment is less than fifteen years.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of 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.