1, the insured has reached retirement age, that is, the male is over 60 years old and the female is over 50 years old, but the pension payment is insufficient 15 years. At this time, the balance of money in the account can be taken out.
2. If the insured person dies before reaching retirement age, the money in personal account can be inherited as an inheritance. If the insured person emigrates, he can also apply in writing to terminate the basic pension relationship after appearing in the camera, and the money in his personal account will be paid to him in one lump sum.
Extended data
The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.
The main contents of social insurance are as follows:
1, endowment insurance
A social insurance system in which workers receive certain economic compensation, material help and services from the government and society after reaching the statutory retirement age.
2. Medical insurance
Establish a social insurance system according to the affordability of finance, enterprises and individuals to ensure the basic medical needs of employees. All employers, including enterprises (state-owned enterprises, collective enterprises, foreign-invested enterprises and private enterprises, etc. ), organs, institutions, social organizations, private non-enterprise units and their employees must participate in the basic medical insurance.
3. Work injury insurance
After a worker suffers from accidental injuries due to work or occupational diseases due to exposure to occupational hazards such as dust, radiation and toxic substances, the state and society shall provide necessary material assistance to the disabled and the relatives of the deceased.
4. Unemployment insurance
A system of providing material assistance to workers whose livelihood is temporarily interrupted by unemployment. All kinds of enterprises and their employees, institutions and their employees, social organizations and their employees, private non-enterprise units and their employees, and employees with whom state organs have established labor contracts shall apply for unemployment insurance.
5. Maternity insurance
According to the law, when working women temporarily suspend their work and lose their normal source of income because of giving birth to children, the state or society provides material assistance.
Baidu encyclopedia-social insurance
People's Network-"How many things can a social security card do?"
Baidu Encyclopedia-Measures of the People's Republic of China on the Administration of Social Security Cards