Changchun social security personal account

Insurance editorial to help you answer, more questions can be answered online.

1. The basic pension is calculated. The basic pension consists of the integrated pension and the individual account pension.

The monthly standard of the individual account pension is the amount stored in the individual account divided by the number of months of payment, which is determined according to the average life expectancy of the urban population at the time of the employee's retirement, his or her retirement age, and the interest rate and other factors.

2. Payments are made according to regulations.

(1) If an individual participating in the basic pension insurance for employees reaches the statutory retirement age and has accumulated contributions for less than fifteen years (including the extension of contributions in accordance with the provisions of Article 2) and has not been transferred to the new type of rural social pension insurance or the urban residents' social pension insurance, the individual may apply in writing for termination of the basic pension insurance relationship of the employee, and the amount of the stored in the individual account will be paid in a single lump-sum payment to the individual.

(2) If a person loses the nationality of the People's Republic of China, he or she may apply in writing for termination of the basic pension insurance relationship of the employee at the time of his or her departure or after his or her departure from the country, and the amount of money stored in the individual account shall be paid to him or her in a lump sum.

(3) If a foreigner participating in social insurance leaves the country and terminates the social insurance relationship upon his or her written application, the amount stored in his or her social insurance individual account may also be paid to him or her in a lump sum.

(4) If a retired retired employee of the military without military status who participates in basic old-age insurance is handed over to the civil administration, the balance of the individual account shall be returned to the individual in full.

3. Inheritance in accordance with the law. After the death of an individual participating in the basic pension insurance for employees, the balance in his or her individual account can be inherited in full in accordance with the law.