Will I get my money back if I cancel my social security card?

Canceling your social security card will not give you your money back.

Social security in general can not be surrendered, but under certain conditions, individuals or organizations can apply to the local social labor security bureau for surrender. These conditions include: the social security payment time is less than 15 years and has reached the retirement age; there is a duplication of insurance or labor relationship termination; go abroad to settle; the insured person has died. The documents that need to be submitted when applying for the surrender are: the unit's Reduction of Staff Form; the employee's Pension Insurance Surrender Unemployment Insurance Lump-sum Subsistence Allowance Declaration Form; the original and photocopies of the ID card; if there is a proxy, the proxy's ID card and a notary certificate; if the surrender is due to settling abroad, a certificate of expatriation and the cancellation of the account document are also required. The surrender process can only be completed after the initial examination, verification, review and refund steps.

Management of social security card funds:

1. Composition of funds in the social security card: including pensions stored in personal accounts, funds in personal accounts for medical insurance, work injury insurance, unemployment insurance and maternity insurance, etc.;

2. Problems of funds belonging to the individual: the funds in the social security card belong to the individual, but the rules of use are subject to the constraints of the social insurance policy;

3. Restrictions on the use of funds: the funds in the social security card can usually only be used for designated medical services, drug purchases, pension payments, etc., and do not support arbitrary withdrawals or transfers;

4. Handling of funds after the cancellation of social security cards: when the social security card is canceled, the funds in the individual account will not be returned directly, but will be handled in accordance with the relevant policies, such as transferring them to a new social security account or receiving a pension after reaching the legal The funds in the personal account will not be refunded directly when the card is canceled.

In summary, the money will not be returned to you when your social security card is canceled, but you can apply for a refund under certain conditions, and you will need to submit a series of documents and undergo an audit to complete the refund process.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 57

An employer shall, within thirty days from the date of its establishment and on the basis of its business license, certificate of registration, or the seal of the employer, apply for registration of social insurance with the local social insurance agency. The social insurance agency shall examine and approve the application within fifteen days from the date of receipt of the application and issue the social insurance registration document. If the employer's social insurance registration matters change or if the employer is terminated according to law, it shall, within thirty days from the date of change or termination, go to the social insurance agency to apply for change or cancellation of social insurance registration. The market supervision and management department, civil affairs department and organization and establishment management organs shall promptly inform the social insurance agency of the establishment and termination of the employer, and the public security organs shall promptly inform the social insurance agency of the birth and death of an individual, as well as the registration, relocation and cancellation of the household registration.