Shanghai paid social security is a temporary account new regulations

The establishment of a temporary pension insurance contribution account at the place of participation in new employment to record all contributions made by units and individuals. Through the Shanghai Interim Measures published on March 24, 2023, it is known that the Shanghai social security is a temporary account of the user, they can be in the new employment of the insured place to establish a temporary pension insurance contribution account, record all the contributions of the unit and the individual, to meet the conditions of entitlement to receive benefits or leave the new place of participation in the mobility of the employment again, all the contributions of the account in the temporary contributions of the principal and interest are transferred back to the original place of participation in the insured place or place of entitlement to receive benefits, cumulative calculation of their participation in the contribution period and basic pension. In addition, the number of years of contributions and the basic pension will be calculated cumulatively.