1, pension insurance is generally not advanced. Individuals who have reached the statutory retirement age and have paid for fifteen years can receive pension insurance on a monthly basis; Or the insured has settled abroad or died, he can receive pension insurance.
2. Legal basis: Article 14 of People's Republic of China (PRC) Social Insurance Law.
Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.
Article 16
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.
Article 17
If an individual who participates in the basic old-age insurance dies due to illness or non-work, his survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.
Second, how much is the old-age insurance 15 years later?
After paying 15 social security, how much money you can get every month after retirement varies from place to place. The amount of pension is related to the average salary of local employees last year, individual contribution index, personal account storage, retirement age and other factors, so the basic pension in different regions is different, and the pensions of different retirees in the same region will be slightly different. Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.