Nantong endowment insurance one-time payment

Article 3 of "Several Provisions of People's Republic of China (PRC) Social Security Law" implements the "Measures for People who are dissatisfied with payment 15 years to continue to pay". Individuals who participate in the basic old-age insurance for employees and pay less than 15 years when they reach the statutory retirement age can extend the payment to 15 years. After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years. The legal retirement age for female employees is 50.

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