Job Recruitment Website - Social security inquiry - Can social security be paid in full at one time?

Can social security be paid in full at one time?

A: Social security can be paid in one lump sum. At present, there are three kinds of endowment insurance systems in China: endowment insurance for institutions, basic endowment insurance for urban workers and basic endowment insurance for urban and rural residents. According to the current policy documents, the basic old-age insurance for urban workers and the basic old-age insurance for urban and rural residents are different in one-time payment. If the statutory retirement age has been paid less than 15 in the basic old-age insurance for urban workers, it can be paid to the full amount of 15 in one lump sum unless it was paid before 201(inclusive) and is still less than 15 after five years of deferred payment. In other cases, they can't pay in full 15 at one time.

Legal basis: Article 16 of the Social Insurance Law. 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 in accordance with the provisions of the State Council.

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The above answer is only for the current information combined with my understanding of the law, please refer carefully!

If you still have questions about this issue, I suggest you sort out relevant information and communicate with professionals in detail.