Hangzhou social security refund can get the money back?

Social security is not refundable, that is to say, if the payment of social security, do not want to handle, then the money paid is not refunded.

First, the social security only meets the following conditions, you can surrender:

1, to reach retirement age, has not reached 15 years of contributions (personal account full payment) conditions.

2, the death of the insured person for any reason (personal payment part and interest).

3, the insured person to settle abroad (personal payment part and interest).

4. Death after retirement with a balance in the personal account (personal payment portion and interest).

2. If you do not want to continue to pay social security, you do not need to go through any formalities, as follows:

1. No formalities are required, and if you do not continue to make payments, the account will automatically stop.

2. After one month of stopping, you will no longer enjoy the health insurance policy, and you will not enjoy the hospitalization reimbursement if the money in your health insurance card is not used up.

Expanded Information:

Ways of Collecting Social Insurance Premiums

1. Proportional Insurance System

In this way, a certain percentage of the insured's paychecks can be paid, and thus premiums can be collected.

With the proportional system, the main purpose of the original social insurance is to compensate the insured for the loss of income during the risky accident in order to maintain their minimum standard of living, and therefore it is necessary to use as a means of payment of their income which is usually used to maintain their livelihood, and, on the other hand, the standard is used as a basis for the calculation of premiums.

The biggest disadvantage of the proportional work-based insurance system is that the burden of social insurance is directly related to wages, regardless of whether the employer and the employee pay social insurance premiums, or one of them pays social insurance premiums, the burden of social insurance is expressed in terms of the cost of labor, and the growth will lead to the crowding out of capital from the labor force, which will lead to an increase in unemployment.

2. Equal premium system

That is to say, regardless of the income of the insured or his employer, the same amount of premiums will be charged, the advantage of this system is easy to calculate and easy to implement in a generalized way, the countries that use this method of collecting premiums usually use the equalization system in the payment, with the equalization of revenues and expenditures, but the disadvantage is that low-income earners pay the same premiums as the high-income earners, which in terms of affordability is clearly inequitable.