Is It Possible to Choose to Withdraw Half of the One-time Social Insurance Payment?

According to Clause 1, Article 60 of the 2014 Social Insurance Law, employees stipulated in Clause 1, Article 2 of the 2014 Social Insurance Law who request it are entitled to receive a lump-sum social insurance payout if they fall under one of the following cases:

- Reaches the retirement age as stipulated in Clauses 1, 2, and 4, Article 54 of this Law but has not accumulated 20 years of social insurance contributions, or as stipulated in Clause 3, Article 54 of this Law but has not accumulated 15 years of social insurance contributions and does not continue to participate in voluntary social insurance;

- Relocates abroad to settle;

- Is suffering from one of the life-threatening diseases such as cancer, poliomyelitis, cirrhosis with ascites, leprosy, severe tuberculosis, HIV infection that has progressed to AIDS, and other diseases as stipulated by the Ministry of Health;

- In the case of employees stipulated at Points d and e, Clause 1, Article 2 of this Law upon demobilization, discharge, or resignation who do not qualify for pension benefits;

- In the case of employees participating in compulsory social insurance after one year of leaving employment, and those participating in voluntary social insurance after one year of discontinuation, who have not accumulated 20 years of social insurance contributions, shall be entitled to receive a lump-sum social insurance payout upon request.

And according to Clause 2, Article 60 of the 2014 Social Insurance Law, the lump-sum social insurance benefits are calculated based on the number of years of social insurance contributions, with each year calculated as follows:

a) 1.5 months of the average monthly salary on which social insurance contributions were based for the years contributed before 2014;

b) 2 months of the average monthly salary on which social insurance contributions were based for the years contributed from 2014 onward;

c) In the case of less than one year of social insurance contributions, the benefit amount is equivalent to the total contributions made, with a maximum of 2 months of the average monthly salary on which social insurance contributions were based.

=> Thus, according to the above regulations, employees can only choose to receive a lump-sum social insurance benefit or continue to preserve their participation time to enjoy subsequent policies. They are not permitted to choose to receive half of the lump-sum social insurance benefit or to calculate only half of the participation time for a lump-sum social insurance benefit.

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