How does social security transfer from company to individual?

The process of transferring enterprise employees' pension insurance into personal accounts: get the Application Form for the Transfer of Basic Pension Insurance Relationship from the Human Resources and Social Security Bureau and stamp it in the original unit; Handle the transfer formalities with the seal of the Human Resources and Social Security Bureau; Go through the transfer formalities with the personnel, labor and social security bureau. Individual workers can directly pay the basic old-age insurance premium to the social insurance premium collection agency as flexible employees. The following materials are needed to transfer the old-age insurance relationship: proof that the laborer and the original employer have dissolved or terminated the labor contract; Certificate of insurance payment issued by the social security institution of the original place of insurance; And the labor contract signed between the laborer and the new unit. The transfer of pension insurance relationship shall be handled by social security institutions. If an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred with him, and the payment period will be calculated cumulatively. The employing unit shall issue a certificate of dissolution or termination of the labor contract at the time of dissolution or termination, and go through the formalities for the transfer of files and social insurance relations for the workers within 15 days.

Social insurance refers to a social and economic system that provides income or compensation for people who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax (fee) to form a social insurance fund. Under certain conditions, the insured can get fixed income or loss compensation from the fund. It is a redistribution system, and its goal is to ensure the reproduction of material and labor and social stability.

In China, social insurance is an important part of the social security system, occupying a core position in the whole social security system. In addition, social insurance is a contributory social security. The funds are mainly paid by employers and workers themselves, and the government finances give subsidies and bear the ultimate responsibility. However, workers can only enjoy the corresponding social insurance benefits if they fulfill their statutory payment obligations and meet the statutory conditions.

Legal basis:

Article 10 of the Social Insurance Law of People's Republic of China (PRC) * * * Employees shall participate in the basic old-age insurance, and both employers and employees shall pay the basic old-age insurance premium.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium.

The measures for the endowment insurance of civil servants and staff managed by reference to the Civil Service Law shall be formulated by the State Council.