Job Recruitment Website - Social security inquiry - Can social security be bought in one lump sum 15 years?

Can social security be bought in one lump sum 15 years?

Social security can be bought in one lump sum 15 years, as follows:

1. The basic old-age insurance for employees was insured before the implementation of the social insurance law, or it was still less than fifteen years after the payment was extended for five years. In this case, you can pay social security to 15 in one lump sum, and then receive the basic pension on a monthly basis;

2. The new rural social endowment insurance and urban residents' social endowment insurance can be purchased at one time for 15 years, and the basic pension can be received monthly after the payment period expires.

The basic old-age insurance premium is paid by enterprises and insured persons according to different payment ratios. Only those who meet the retirement conditions stipulated by the state, go through the relevant formalities and pay the basic old-age insurance premium according to the regulations, and the accumulated payment period reaches 15 years, can they receive the basic pension and funeral subsidy on a monthly basis.

Legal basis: Article 58 of People's Republic of China (PRC) Social Insurance Law.

The employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for its employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.

Employees-free individual industrial and commercial households who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

The state establishes a national unified personal social security number. Personal social security number is a citizen's identity number.