What if social security can't buy fifteen?

According to the above-mentioned laws and regulations, if individuals who participate in the basic old-age insurance for employees reach the statutory retirement age, the accumulated payment is insufficient 15 years. Therefore, for the problem that social security has not been paid for 15 years, employees can have three choices: the first choice: continue to pay, and receive the basic pension monthly after paying 15 years. The second scheme: the basic old-age insurance for employees is transferred to the new rural social old-age insurance or urban social old-age insurance. Article 6 of the Interim Measures for the Connection of Urban and Rural Endowment Insurance Systems (Ministry of Human Resources and Social Security Fa [20 14] 17) stipulates that if the insured person transfers from urban employee pension insurance to urban and rural employee pension insurance, the amount stored in the individual account of urban employee pension insurance will be fully incorporated into the individual account of urban and rural employee pension insurance, and the payment period of participating in urban employee pension insurance will be calculated as the payment period of urban and rural employee pension insurance. The third scheme: the individual applies in writing to terminate the employee's basic old-age insurance relationship and receive the personal account storage amount at one time. For employees who have been insured for a long time, it is more favorable to choose to continue to pay. For example, Liu in this case has paid for 6 years and was insured before the implementation of the Social Insurance Law. After extending the payment for 5 years (Liu is 55 years old), you can go through retirement procedures and receive a monthly pension after paying for 4 years in one lump sum. In this way, it is very beneficial to Liu. Because, if you choose to transfer the pension insurance relationship or receive cash, you will only transfer or receive the personal account (8% of the salary paid by the individual), and the social pooling part (composed of 20% of the total salary paid by the employer and government subsidies) will not benefit.