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15 how much does it cost to pay social security in one lump sum?
You can't pay 15 of the old-age insurance at one time. "Implementation of Certain Provisions of People's Republic of China (PRC) Social Insurance Law" Article 2 When an individual who participates in the basic old-age insurance for employees reaches the statutory retirement age, if the accumulated payment is less than fifteen years, the payment may be extended to fifteen years. After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years. The calculation formula of how much money you can get every month after retirement: pension = basic pension+personal account pension Basic pension = (average monthly salary of employees in the province in the previous year when you retire) /2 × years of personal payment) × 1% personal account pension = personal account amount at retirement/number of months corresponding to my retirement age = sum of indexed monthly salary in the previous year before I work until retirement/. I hope this helps.
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