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What to do when a participant dies after 15 years of social security payment
Legal Basis: The Chinese People's **** and the State Social Insurance Law Article 14 The personal account shall not be withdrawn in advance, and the interest rate shall not be lower than the bank deposit rate, and is exempt from interest tax. If an individual dies, the balance of the individual account may be inherited. Article 17 If an individual participating in basic pension insurance dies because of illness or not because of work, his survivors may receive funeral grants and pensions; if he is totally disabled because of illness or not because of work when he has not yet reached the legal retirement age, he may receive a disability allowance. The required funds are paid from the basic pension insurance fund.
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