How can I get the money out of my social security card?

The money in the social security card can only be withdrawn if it meets the following conditions:

1, the insured person has reached the retirement age, that is, the male is 60 years old, the female is 50 years old, but the pension contribution is less than 15 years, you can take out the balance of the account;

2, the insured person did not reach the retirement age and passed away, the personal account of money can be inherited as an inheritance, if the participant emigrates, you can also apply in writing to terminate the basic pension relationship after its departure. The money in the individual account can be inherited as an inheritance. If the insured person emigrates, he can also apply in writing for termination of the basic pension relationship after he leaves the country, and the money in the individual account will be paid to him in one lump sum.

Social Insurance (Social Insurance) refers to a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance.

Social insurance programs are organized by the government, which forces a certain group of people to pay a part of their income as social insurance tax (fee) to form a social insurance fund, from which the insured can receive a fixed amount of income or compensation for their losses if certain conditions are fulfilled, and it is a kind of redistributive system, the goal of which is to ensure the reproduction of material and labor force and the stability of the society.

Legal Basis

Article 16 of the Law of the People's Republic of China on Social Insurance Article 16 Individuals participating in basic pension insurance shall receive a basic pension on a monthly basis if they have made contributions for a cumulative total of fifteen years by the time they reach the legal retirement age.

Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the statutory retirement age may contribute until they reach fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or to the social old-age insurance for urban residents, and shall enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council. Article 28 In line with the basic medical insurance drug list, diagnostic and treatment items, medical service facility standards, as well as emergency and rescue medical expenses, in accordance with state regulations from the basic medical insurance fund.