Do individuals have to pay social security for one year at a time?

Legal Analysis: According to the provisions of the Social Insurance Law of People's Republic of China (PRC), if the accumulated contributions of individuals participating in the basic old-age insurance for employees are less than 15 when they reach the statutory retirement age, the contributions can be extended to 15. Before the implementation of the Social Insurance Law, if the insured is still less than 15 years after five years' extension of payment, he can pay to 15 years in one lump sum.

Legal Basis: Several Provisions on the Implementation of the Social Insurance Law of People's Republic of China (PRC) 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.