Job Recruitment Website - Social security inquiry - Can social security be paid in one lump sum?

Can social security be paid in one lump sum?

Legal analysis: No, but some areas can pay back the money. However, certain conditions need to be met. First, it is necessary to reach retirement age, in which female workers need to reach 50 years old, female cadres and workers need to reach 55 years old, and male workers need to reach 60 years old. Secondly, the total number of years of old-age insurance that the insured needs to pay 15 years.

Legal basis: Article 16 of the Social Insurance Law of People's Republic of China (PRC). Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid a total of fifteen years when they reach the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits according to the provisions of the State Council.