Social Security can be made up for 15 years in advance

Social security is a form of social insurance, a social security benefit enjoyed by all citizens. You can protect your basic medical and pension needs by enrolling in this insurance, but only if you have paid the required number of years, for example, you need to accumulate 15 years of pension insurance, so that you can receive a monthly pension after retirement. Since the country vigorously implement the full coverage of social security in recent years, many new policies and adjustments are not well understood. Of course, in real life, there is also the case that has reached the legal retirement age, but the social security has not paid the full 15 years, there are generally three ways to solve:

1, continue to pay 15 years or a one-time retroactive payment

After reaching the legal retirement age, you can continue to extend the insurance, until the full 15 years of payment. In some areas, you can even make a one-time payment of 15 years of pension insurance.

2, transferred to the urban and rural residents pension insurance

According to the relevant provisions of the Social Insurance Law, the pension insurance has not been paid for 15 years, but has reached the legal retirement age, can be transferred to the new rural insurance or urban and rural residents pension insurance, can also enjoy the pension insurance treatment.

3, a one-time take out the balance of the personal account

If there is still a lot of difference in the number of years, it is not cost-effective to make up the payment, you can also directly terminate the pension insurance relationship, the balance of the personal account a one-time take out. Of course, this is generally not recommended because it means giving up the right to receive a pension.

Legal basis:

Article 63 of the Social Insurance Law of the People's Republic of China (P.R.C.) states that if an employer fails to pay social insurance premiums in full and on time, it shall be ordered by the social insurance premium collection agency to pay the premiums by a certain date or to make up the full amount.

If the employer fails to pay the social insurance premiums in full or on time, the social insurance premium collection agency may inquire into the deposit accounts of banks and other financial institutions; it may also apply to the relevant administrative departments at or above the county level to make a decision on the allocation of social insurance premiums, and notify in writing the depositary banks or other financial institutions of the allocation of social insurance premiums. If the balance in the account of an employer is less than the social insurance premiums that should be paid, the social insurance premium collection agency may require the employer to provide a guarantee and sign an agreement on deferring payment of the premiums.

If the employer fails to pay the social insurance premiums in full and does not provide a guarantee, the social insurance premium collection agency may apply to the people's court for the seizure, attachment or auction of the property whose value is equivalent to the amount of social insurance premiums that should be paid, and the proceeds from the auction will be used to offset the payment of social insurance premiums.