How much is the old-age insurance that died before retirement age refunded?

If you die before the retirement age, the personal part and interest paid by the pension can be returned in full.

If he dies before reaching retirement age, his pension can be inherited by his legal heir. Specifically, if the insured person dies before retirement and wants to inherit the personal account of endowment insurance, he must go through the death formalities first. After the death formalities are completed, the corresponding personal account storage amount and the personal payment principal and interest before the establishment of the personal account will be paid to their legal heirs in one lump sum.

Retirement process of endowment insurance:

1. Required materials: my ID card and its copy, supplementary materials and its copy, two or three one-inch photos, personal files and pension manual or relationship card;

2. If an employee of a unit retires, the manager of the unit shall review the retirement pension account five days before retirement and report it to the treatment department, and issue the account through the bank 20 days later;

3. When the individual insured retires, he will receive the pension directly after the 20th day of the next month after passing the retirement audit.

To sum up, the old-age insurance has been paid up to the standard, and the pension that can only be received after retirement, if the payment time has reached more than 15, but has not retired, is generally not available at this time. According to the regulations, if the personal account balance of endowment insurance plus interest dies before retirement, it will be returned to the heir or beneficiary as an inheritance. If you encounter such a situation, you can go to the Social Security Bureau with the relevant documents of the deceased, and you will know how much insurance money you can refund after the inquiry.

Legal basis:

Article 14 of the Social Insurance Law of People's Republic of China (PRC)

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted.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.

Article 15

The 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.

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 a total of 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.