Is the social security policy of 20 16 lump sum payment 15 ok?

Social security is a basic social security system introduced by the state. People who participate in social security can get basic medical care and basic old-age security, so people have been paying attention to social security policies. In order to encourage everyone to participate in social insurance, the state has issued a one-time payment policy of 15, so can it be paid in 2020?

As we all know, the minimum payment period of China's old-age insurance is 15 years. Only when the payment period reaches 15 years can we get a comfortable pension after reaching retirement age. At the beginning of the promotion of urban and rural endowment insurance in China, many residents and farmers did not have the awareness of purchasing social security, so the state introduced a one-time payment policy for urban and rural residents. According to the policy, those who are under the age of 15 can choose to pay the pension year by year or pay the social security fee in one lump sum, but the cumulative payment period shall not exceed 15.

Note 15 The policy of lump-sum payment of endowment insurance is aimed at urban and rural residents. At that time, in order to encourage people to participate in urban and rural endowment insurance, the state implemented a one-time payment policy of 15 social security fee. There is no provision for urban workers to pay 15 social security at one time. Individuals who participate in the basic old-age insurance for employees can extend the payment to 15 years when they reach the statutory retirement age and the accumulated payment period of old-age insurance is less than 15 years. If the payment period of the insured is still less than 15 years after the extension of payment for 5 years, the payment can be made in one lump sum to 15 years.

With regard to the policy of 15 for urban and rural residents' endowment insurance, after the social security reform in 20 19, it has been clearly stipulated that 15 social security premium is no longer allowed to be paid in one lump sum. Therefore, according to the regulations, it is impossible to pay 15 old-age insurance premium in one lump sum in 2020, but the regulations in different regions are slightly different, and a few cities can still continue to pay it.

Because there is no uniform regulation for 15 to pay social insurance premiums in one lump sum in various regions, at present, some regions are still allowed to pay social insurance premiums in one lump sum, and the specific situation is subject to local policies.

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