What if you don't live to be 60?

1. If the old man dies before the age of 60, the state will refund all the insurance money paid by the farmers before their death, and the money needs to be collected by their legal heirs. 2. Old people who died between the ages of 60 and 70 have received pension insurance for less than 10 years, but have not yet received their own pension insurance, and the balance in their personal accounts can still be inherited by the legal heirs. If there is no heir, this part of the money can be used collectively for the funeral of the elderly. 3. If the old man dies after 70 years old, then the money can't be returned (so he must live a long life) because the state stipulates that the money has a guarantee period of 10 years and can't be returned to the individual after the expiration.

People's Republic of China (PRC) Civil Code

Article 122 An inheritance is the personal legal property left by a natural person when he dies.

An inheritance that cannot be inherited according to the law or the nature of the inheritance shall not be inherited.

Article 123 After the beginning of inheritance, it shall be handled according to legal inheritance; If there is a will, it shall be inherited or bequeathed according to the will; If there is a legacy support agreement, it shall be handled in accordance with the agreement.

Article 124 If the successor renounces the inheritance after the inheritance begins, he shall make a written statement renouncing the inheritance before the disposal of the estate; If there is no indication, it is regarded as accepting inheritance.