How much money can be refunded if you die at age 61

The amount of money that can be refunded for death at age 61 is as follows:

1, about 70% of the balance of the individual account can be refunded;

2, if the account has been canceled and has not yet reached the age of retirement, the money in the social security account can be fully refunded;

3, the surviving family members can also receive a funeral benefit, generally for the previous year's average monthly disposable wage of two months;

4. Survivors can also receive a pension.

Social security pension calculation:

1, basic pension: calculated according to the standard set by the local social security bureau, usually related to the number of years of personal contributions and the contribution base;

2, personal account pension: calculated on the basis of the accumulated contributions and interest in the personal account;

3, transitional pensions: some areas to balance the level of pension

3. Transitional pensions: some regions have transitional arrangements for retirees within a specific number of years;

4. Supplementary corporate pensions: if the organization has a supplementary pension plan during the individual's employment, it is calculated in accordance with the corporate regulations;

5. Policy subsidies: the state or local governments may provide additional pension subsidies for specific groups of people.

In summary, the amount of money that can be refunded by social security for a death at age 61 includes the amount of about 70 percent of the balance of the individual account, all the money in the social security account, and the funeral benefits and pensions available to survivors.

Legal basis:

The People's Republic of China Social Insurance Law

Article 17

Participating in the basic old-age pension insurance of the individual, due to illness or not due to the work of the death of the survivors can receive funeral subsidies and pensions; in the case of disability due to illness or not due to the work of the total loss of the ability to work when not reaching the legal age of retirement, you can receive a disability allowance. (c) Allowances. The necessary funds are paid from the basic pension insurance fund.