Job Recruitment Website - Social security inquiry - Can rural household registration social security be paid in one lump sum?

Can rural household registration social security be paid in one lump sum?

Legal subjectivity:

Rural hukou can buy social security at one time. According to the relevant laws and regulations, individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis when they reach the statutory retirement age and have paid for 15 years. Individuals who participate in the basic old-age insurance for employees have reached the legal retirement age and are still less than fifteen years after the implementation of the social insurance law and the extension of payment for five years, they can pay the fee in one lump sum for fifteen years.

Legal objectivity:

"Social Insurance Law of People's Republic of China (PRC)" Article 16 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 at 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.