Pay the old-age insurance and die before retirement age, or just get it and die. . then what

When the insured dies, the balance of his personal pension insurance account plus interest will be taken as the inheritance, which will be collected by the heir or designated beneficiary, and the funeral expenses and one-time pension will be paid.

Article 14 of the Social Insurance Law of People's Republic of China (PRC): Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance.

The required funds are paid from the basic old-age insurance fund. Therefore, the social endowment insurance that has been paid can be refunded, but only the part paid by individuals can be refunded.

Extended data:

If the insured employee dies, the personal account inheritance amount is the personal account storage amount at the time of his death. If the insured retiree dies, the personal account inheritance amount shall be calculated according to the following formula:

Personal account inheritance amount = personal account storage amount at retirement+personal account interest after retirement-personal account monthly pension × number of months of receiving pension.

Note: According to the retirement of men at the age of 60, employees can only receive their own money at the age of 7 1.5. According to the fact that women retire at the age of 50 and receive their own money, they will be finished at the age of 66.25.

If the insured dies before retirement, the amount stored in his personal account and the principal and interest paid before the establishment of his personal account shall be paid to his legal heir in one lump sum. If you die after retirement, you can inherit the balance of your personal account.

Inheritance of death before retirement shall be handled according to the following procedures:

I. Application

At last 1 the payer shall bring the following materials to the social security institution where he works to go through the formalities:

1. Original and photocopy of death certificate;

2, employee pension insurance manual;

3. The original and photocopy of the heir's ID card;

4, the relationship between the deceased and the heir certificate issued by the village neighborhood committee;

5, "funeral expenses, one-time relief funds and personal account amount inheritance qualification certificate" in duplicate;

6. Power of attorney for the successor to entrust the payer with the formalities.

Second, check

Social insurance agencies to check the above materials, in line with the provisions of the inheritance procedures, issued by the "basic old-age insurance personal account survivors inheritance approval form".

Three. Confirmation and collection

After the payer and the heir confirm the relevant information in the Approval Form for the Inheritance of Survivors of Individual Accounts of Basic Endowment Insurance, the payer will take this form to the social security agency for review and issue a financial receipt to the financial department of the social security agency for collection.

References:

Baidu Encyclopedia-People's Republic of China (PRC) Social Insurance Law