Can social security be paid in one lump sum?

The first thing to know is that 202 1 one-time payment of social security is settlement. Not everyone can pay social security in one lump sum, and only eligible insured people can pay social security.

Second, if the insured person does not meet the conditions, he cannot pay social security in one lump sum. The accumulated social security payment is less than 15 years, and there are other solutions to this situation.

Legal basis:

People's Republic of China (PRC) social insurance law

Fifteenth basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for 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.