Can personal social security be paid in one lump sum?

Personal social security can be paid in one lump sum if it meets the requirements. The following conditions need to be met:

1, insured before the implementation of relevant national laws;

2, has reached retirement age, payment period is not full;

3. The deferred payment after retirement is still less than 15 years after 5 years.

That is, when individuals participating in the basic old-age insurance for employees reach the statutory retirement age, if the accumulated payment is less than 15 years, the payment can be extended to 15 years. After the implementation of the Social Insurance Law, if the extension of payment for five years is still less than 15 years, it can be paid in one lump sum until it reaches 15 years.

The consequences of suspending social security are as follows:

After the payment of social security is stopped, the balance in the personal account is still owned by the individual.

The interruption of pension insurance will affect the payment period and pension insurance benefits after retirement.

When the payment of medical insurance is interrupted, medical insurance reimbursement and related Medicaid will no longer be enjoyed from the next month after the payment is stopped. At the same time, if the medical insurance is interrupted or in arrears for more than three months, you need to wait for six months to continue to enjoy the treatment of reimbursement and Medicaid.

Maternity insurance is interrupted, and you will no longer enjoy relevant treatment from next month after the interruption. If you want to participate in the insurance after the interruption, you need to recalculate the enrollment time. You must continue to pay for half a year or one year (there are differences in different regions) in order to enjoy the maternity insurance fund.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC).

Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.