New rules for one-time payment of social security 2024

The new "Regulations on One-time Payment of Social Security in 2024" is as follows:

Workers who have reached the statutory retirement age and whose pension insurance payment period is less than 15 years can choose to pay the pension insurance for 15 years in one lump sum and enjoy the pension insurance benefits according to law. In addition, you can also choose to transfer to the new rural social endowment insurance or urban residents' social endowment insurance, and enjoy the corresponding pension insurance benefits according to the regulations of the State Council. For workers who have not reached the statutory retirement age and stopped paying wages due to force majeure; Employees who have not participated in enterprise employee pension insurance or interrupted payment; Individual industrial and commercial households can choose to pay endowment insurance in their personal capacity. At the same time, if the accumulated payment is less than fifteen years, you can not only pay back fifteen years, but also choose to transfer to the new rural social endowment insurance or urban residents' social endowment insurance.

Conditions of the new regulation 2024 on lump-sum social security:

1. The repayment object does not need to reach the statutory retirement age;

2. If payment is interrupted due to force majeure, you can apply for payment;

3. You can apply for payment if you do not participate in the endowment insurance for enterprise employees or interrupt payment;

4. Individual industrial and commercial households can apply for supplementary endowment insurance in their personal capacity;

5. The repayment period shall not exceed 15 years;

To sum up, the new regulations on one-time payment of social security in 2024 include: workers who have reached the legal retirement age can choose to pay the old-age insurance for 15 years before they can enjoy the old-age insurance benefits; Workers who have not reached the statutory retirement age, interrupted payment due to force majeure, workers who have not participated in enterprise employee pension insurance or interrupted payment, and individual industrial and commercial households may also choose to pay pension insurance; The repayment period shall not exceed 15 years.

Legal basis:

People's Republic of China (PRC) social insurance law

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In order to standardize the social insurance relationship, safeguard the legitimate rights and interests of citizens to participate in social insurance and enjoy social insurance benefits, enable citizens to share the fruits of development and promote social harmony and stability, this Law is formulated in accordance with the Constitution.