Can social security be refunded? What are the conditions that need to be met to withdraw social security?

Social security can be withdrawn if the conditions are met. The conditions to withdraw from social security are: the insured emigrates abroad, the insured dies and his heir applies for withdrawal of the insurance, the person who participates in social insurance repeatedly during the same period has reached the legal retirement age, and the accumulated The payment period is less than 15 years and I request not to transfer to rural insurance or urban insurance.

Operation method 01

According to relevant regulations, if the insured person leaves the country to settle down before retirement, the personal account balance will be returned to the insured person, and the pension insurance relationship will be terminated at the same time, but it may not be refunded. Be sure to keep your account.

02

If the insured person dies and his heirs apply to surrender the insurance, the amount in the personal pension insurance account of the insured person can be inherited by his relatives. There is no refund for the overall account. If the death is not caused by work, the pension fund can also be requested to pay part of the funeral expenses, survivors' benefits, etc.

03

If you participate in social insurance repeatedly during the same period, the state stipulates that personal social security is not allowed to have two accounts. If you have participated in social insurance repeatedly, you must close one of the accounts and close the account. The personal insurance funds will be returned to the insured.

04

Those who are unwilling to extend payment to 15 years or transfer to new rural social pension insurance or urban resident social pension insurance can apply to save their personal accounts The amount will be paid to the person in one lump sum.

05

For those who immigrate to Hong Kong or abroad, it is recommended that insured persons can keep their accounts. If they have the opportunity to return to the mainland or return to work in the country in the future, their social security can be continued, and when they are eligible to receive If you meet the pension conditions, you can still receive pensions in China. Once you surrender the policy, all previous payment periods will be cleared.

Special Tips

If you participated in insurance before the implementation of the Social Insurance Law and extended your payment for five years but still have less than fifteen years, you can make a one-time make-up payment to reach fifteen years. For example, a 58-year-old male employee has only participated in the pension insurance for two years. Then he can extend his payment after the age of 60. That is, he will have to make additional payments for 13 years before he can receive a monthly pension. After extending his payment for 5 years, he can pay once If you make a lump sum payment for the remaining 8 years, you can enjoy pension insurance benefits at the age of 65.