Social security refunds have begun. Is this a rumor or is it true that refunds will be given? What's going on?

Many people are consulting, saying that some people online are saying that the 2021 social security refund work has begun. What's going on? Why do you want a refund? Never heard of it before. I also read the relevant information online and will answer it here. It is said that social security refunds have begun in 2021 and everyone should hurry up to do it. In fact, this is misleading. Regarding social security refunds, it is not like medical insurance payments for urban and rural residents or social security subsidy applications for flexible employment personnel. The procedures are the same, there may be a time limit for processing, but this is not the case. However, you may not be clear about the circumstances under which social security refunds can be processed. I will tell you in detail here.

When it comes to social security refunds, I actually have a suggestion here, that is, try not to refund them if you can. Why do you say that? On the one hand, our country’s social security protection capabilities are getting stronger and better, and the benefits are getting better and better. The seventeenth consecutive increase in pensions for retirees is the best proof. The same is true for medical insurance benefits, whether it is hospitalization reimbursement Whether it is outpatient treatment or outpatient treatment, both are steadily improving. Therefore, you should really think twice before considering a refund after paying. On the other hand, if you have already paid, then refunding it is not cost-effective to be honest.

Take flexible employment personnel as an example. When paying pension insurance, part of the actual payment is transferred to the overall account and part is transferred to the personal account. The money transferred to the overall account is larger than the personal account. money. If you really want a refund if you meet the conditions, you can only refund the money from your personal account. The money transferred into the overall account is non-refundable, you decide whether it is a loss or not.

And this social security refund is not refundable at will. The Social Insurance Law clearly stipulates that personal accounts are not allowed to be withdrawn in advance. That is to say, before reaching the statutory retirement age, the social insurance premium will not be refunded except under special circumstances. So what are special circumstances, or under what circumstances can social security be refunded?

To summarize for everyone, one is that one has reached the legal retirement age, but has paid into the pension insurance for less than 15 years, and is not yet qualified to receive a pension. In this case, there is a choice. , should you continue to pay or return the money from your personal account? We have mentioned before that we do not recommend refunds. On the one hand, the losses will be relatively large. On the other hand, when you reach retirement age and there is no pension benefit, it will definitely be difficult to provide for yourself in the future. At present, all places do not allow one-time supplementary payment of pension insurance, so it is best for everyone to bite the bullet and insist on paying for 15 years to try to receive this pension.

There is also a situation where the insured person has immigrated and settled abroad, so he cannot continue to pay the premium. In this case, a refund can be processed. Of course, this refund As I mentioned before, you can only refund the money from your personal account.

There is also a situation where the insured person unfortunately dies, then the money in his personal account can be refunded regardless of whether he is in-service or retired.

The last situation is duplication of insurance. For example, if an insured person participates in both urban employee pension insurance and urban and rural residents’ pension insurance, he will face a choice because he cannot enjoy double protection. This pension insurance can be considered to be transferred first and then liquidated, that is, choosing one insurance system and withdrawing from another system.

Basically, these are the situations in which social security can be refunded. You are welcome to forward such useful information to those around you.