Can individuals buy out social security at one time?

Yes, social insurance is a social and economic system that provides income or compensation for people who are unable to work, temporarily unemployed or suffer losses due to health reasons. The Social Insurance Law of People's Republic of China (PRC) stipulates: 1. When an individual participates in the basic old-age insurance for employees and reaches the statutory retirement age, if the accumulated payment is less than 15 years, it may be extended to 15 years. If the insurance was insured before the implementation of the Social Insurance Law, and the payment is still less than 15 years after the extension of 5 years, it can be paid in one lump sum. After the employee's basic old-age insurance reaches the statutory retirement age, if the accumulated payment is less than 15 years, he/she may apply for transferring to the new rural social old-age insurance or urban social old-age insurance where his/her household registration is located, and enjoy the corresponding old-age insurance benefits.

Legal objectivity:

People's Republic of China (PRC) Social Insurance Law Article 20 The State establishes and perfects a new rural social endowment insurance system. The new rural social endowment insurance combines individual contributions, collective subsidies and government subsidies. "People's Republic of China (PRC) Social Insurance Law" Article 21 The benefits of new rural social endowment insurance consist of basic pension and personal account pension. Rural residents who participate in the new rural social endowment insurance meet the conditions stipulated by the state and receive the benefits of the new rural social endowment insurance on a monthly basis.