How to deal with death during social security?

1. If the insured person dies, the balance of his personal account can be inherited according to law, whether he is on the job or receiving basic old-age insurance benefits.

2. China's basic old-age insurance is a combination of social pooling and personal account, and a personal account is established for the insured according to the amount of 8% of his salary. Personal accounts are mainly used for the pension of the insured, and in principle, early withdrawal is not allowed. If the insured reaches the legal retirement age and has paid the accumulated contributions for 15 years, he will receive the basic pension on a monthly basis.

3. The basic pension consists of two parts: one is the basic pension, and the other is the personal account pension, in which the basic pension is paid from the overall fund and the personal account pension is paid from the personal account storage. If the individual's life span is long and the amount stored in the individual account is insufficient to pay, the individual account pension will be transferred to the overall fund to ensure that the individual account pension can continue to be paid.

4. If the insured person dies, whether he is on the job or receiving basic old-age insurance benefits, the balance of his personal account can be inherited according to law. That is to say, China's basic old-age insurance not only follows the law of large number of social insurance, but also embodies the principle of overall planning and mutual assistance. The state bears the risk of longevity and inherits the balance of personal accounts, so there is no case that the pension is confiscated after death.

5. This policy is aimed at all personnel who are paid in full by units and individuals of urban insurance.