Hunan pays back the old-age insurance 15.

When individuals who participate in the basic old-age insurance for employees reach the statutory retirement age, if the accumulated payment is less than fifteen years, the payment may be extended to fifteen years. After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years.

Provisions of Changsha Municipality on Supplementary Payment of Employees' Endowment Insurance (Latest)

Update: April 2022 1 1.

According to the provisions of the Social Insurance Law, when an individual who participates in the basic old-age insurance for employees reaches the statutory retirement age, if the accumulated payment is less than fifteen years, the payment can be extended to fifteen years. After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years.

Details are as follows:

The first case:

After the implementation of the "Social Insurance Law", those who participate in the insurance payment cannot meet the requirements of the payment period when they reach retirement age. Please continue to pay until they reach 15.

The second case:

Before the implementation of the Social Insurance Law, the insured has paid the premium, and if the premium is still less than 15 years after the extension of 5 years, it can be paid to 15 years in one lump sum.

Note: People's Republic of China (PRC) Social Insurance Law came into effect on July 20 1 1.