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Does giving up social security halfway affect children's schooling?
Legal basis: Article 2 of the Detailed Rules for the Implementation of People's Republic of China (PRC) Social Insurance Law.
When individuals who participate in the basic old-age insurance for employees reach the statutory retirement age, if the accumulated payment is less than fifteen years, the payment may be extended to fifteen years. After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years.
Article 2 of People's Republic of China (PRC) Social Insurance Law
The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.
What is the company's process of applying for social security?
1. The employer needs to apply to the social security agency where the company is located to open an account. The materials required for opening an account include the original or photocopy of the business license and the photocopy stamped with the official seal;
2 in the social security agencies to fill in two social security declaration forms and build official seals, and submit relevant materials;
3, social security agencies after review, meet the conditions, to be registered;
4. After the enterprise successfully goes through the registration formalities, the social security business declared in the current month 15 (including the current day) belongs to the payment record of the current month, and the payment record of the next month after 15, and the social security agency collects social security fees from the 20th day of each month (including the current day) to the end of the current month;
5. Transfer the social security relationship of employees who have participated in social security before to the social security account of the enterprise, and print the payment details in social security in the first month of social security payment (details include employee name, ID number, payment base, etc. ), and then only submit the insured increase or decrease form to the social security every month.
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