Can you take out social security after 15 years of payment

Social security to pay 15 years does not mean that you can immediately take out all the social security funds.

I. The basic meaning and function of social security

Social security, i.e. social insurance, is a system set up by the state to guarantee the right of citizens to receive material help from the state and society according to the law under specific circumstances such as old-age pension, medical care, unemployment, work injury and childbirth. Its purpose is to maintain social stability, promote social harmony, and improve citizens' living standards.

Two, social security payment and accumulation

In our country, social security payment is a long-term process, usually need to individual and unit **** the same commitment. Among them, pension insurance is an important part of social security, and the number of years of its payment is directly related to the future pension benefits. Usually, individuals need to accumulate 15 years of social security contributions in order to receive a basic pension after reaching the legal retirement age.

Third, social security funds withdrawal conditions

Social security funds withdrawal is not arbitrary feasible, but need to meet certain conditions and regulations. Take pension insurance as an example, even if an individual has paid a total of 15 years of social security, you need to reach the legal retirement age before you can start to receive the pension. In addition, if special circumstances occur during the payment process, such as an individual's death or emigration, it may be necessary to withdraw or transfer social security funds in accordance with relevant regulations.

Fourth, the use and supervision of social security funds

Social security funds belong to the national special funds, and their use and management are subject to strict supervision. Individuals cannot take out social security funds at will, but need to use them in accordance with national regulations and policies. At the same time, the government and all sectors of society are constantly strengthening the supervision of social security funds to ensure their safe, effective and fair use.

In summary:

Paying for social security for 15 years does not mean that all social security funds can be taken out immediately. Individuals can only start receiving social security benefits such as pensions after reaching the legal retirement age. At the same time, the use and management of social security funds are subject to strict supervision and regulations, and individuals cannot take them out at will. Therefore, we should maintain a clear understanding of the use and management of social security funds and follow the state's regulations and policies.

Legal basis:

The People's Republic of China*** and the State Social Insurance Law

Article 16 stipulates:

Individuals who have participated in the basic old-age pension insurance, and who have accumulated fifteen years of contributions by the time they have reached the legal age of retirement, will receive the basic old-age pension on a monthly basis. Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the legal retirement age may contribute until they reach the full fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or the urban residents' social old-age insurance, and enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.

This provision makes it clear that when an individual reaches the legal retirement age, the accumulated contributions of fifteen years of social security is a necessary condition for receiving the basic pension. At the same time, it also stipulates how to deal with the situation when the contributions are less than fifteen years.

The People's Republic of China **** and the State Social Insurance Law

Article 14 provides:

Individual accounts shall not be withdrawn in advance, and the interest rate of the account shall not be lower than the bank time deposit rate, and shall be exempted from interest tax. If an individual dies, the balance of the individual account can be inherited.