What about domestic social security after emigrating to Korea?

In recent years, more and more people choose to immigrate to Korea, but many of them have bought social security in China for a certain period of time. If you live in Korea and pay social security in China for many years, what should you do? Get to know me together.

Part 1

I haven't paid in China for 15 years. What should I do with social security after I settle abroad?

For example, Mr. Zhang worked in Beijing 12 years and paid social security 12 years. Now the whole family is preparing to settle abroad. How should social security be handled?

According to the relevant regulations, if the insured person leaves the country to settle down before retirement, the amount stored in his personal account will be returned to the insured person, and the pension insurance relationship will be terminated.

However, it is also possible not to surrender.

In the case of Mr. Zhang, it is recommended not to surrender. Some people consider coming back after going abroad, continuing to work in China, and finally supporting the elderly in China. Once you surrender, the payment period will be accumulated again.

That is to say, if Mr. Zhang goes back to China to live and work again in the future, he will have accumulated 15 years after three years of payment, and he will be able to receive a pension when he retires at the age of 60. But if he turns himself in, he will have to pay 15 years. Therefore, if you are not in urgent need of money, it is recommended not to surrender.

the second part

I have been paying in China for 15 years, but I left China before my retirement age. Can I go through retirement formalities when I reach retirement age?

According to the current policy, after the social security payment reaches 15 years, you can apply for retirement and receive a pension. At retirement age, even if you have the nationality of other countries, you can still apply for retirement and receive a pension in China.

Moreover, living abroad, it is not difficult to receive a domestic pension, and there is no need to return to China to receive it. It is reported that when retirees are abroad after retirement, social security agencies can send their monthly pensions to the insured. The annual pension qualification certification can also be sent back to China after being certified by the local China Embassy.

the third part

What should I do if I really want to surrender?

1 medical insurance account cancellation

That is, take out the money in the medical insurance at one time.

In addition to the original and photocopy of the passport of the country of immigration, the original and photocopy of the certificate of cancellation of household registration, there must also be a certificate of termination of the contract by the original unit.

If not, you have to take the basic medical insurance reduction personnel roster to the medical insurance center, and go through the relevant procedures with the original certificate to prove that you have terminated the contract with the original unit.

2 print personal account payment details

Take the original and photocopy of the passport of the immigrant country, the original and photocopy of the cancellation certificate, the photocopy of the ID card, and the employee pension manual, and print the details of personal account payment at the pension insurance center.

Issue special receipts for social security funds.

Go to the personnel department of the original unit, ask the person in charge of endowment insurance to open a special receipt for social security fund and affix the official seal of the unit, and then go to the endowment insurance center for review with all the materials.

4 collect money

The endowment insurance center will transfer the money in your account to the original unit account at one time, and then you will go to the original unit to collect the money.

Account cancellation of provident fund

When canceling the account, in addition to the provident fund card, you should also bring the original and photocopy of the passport of the country of immigration, the original and photocopy of the certificate of cancellation of the account, and the photocopy of the ID card or China passport.

After the final approval of the provident fund management center, they will cancel the account and take out all the provident fund in the account.

It is worth noting that when surrendering, only the provident fund can be returned to the individual in full, and the pension can only be returned to the individual.