Can I return the old-age insurance if I pay too much?

If the overpaid and actually paid endowment insurance premium is greater than the payable amount, it shall be refunded. The same insured person, respectively, as enterprise employees and flexible employees, will be refunded as part of the repeated payment of flexible employees.

The scope of application of the overpaid old-age insurance fee refund is the personnel who participate in the basic old-age insurance in this Municipality, specifically, the same person repeatedly participates in the old-age insurance for urban workers (including flexible employees, May 7th workers and collective workers), urban and rural residents and landless farmers and herdsmen in the same period of time; The same person is employed by multiple employers or as a flexible employee, but fails to transfer the pension insurance relationship in time in different overall plans, resulting in overpayment of the pension insurance premium and the actual payment exceeding the payable amount, which really should be refunded.

In case of repeated payment in different units as enterprise employees, the payment account of the last payment unit shall be retained, and the original repeated individual payment part shall be returned to the individual account, and the unit payment part shall be included in the overall fund account. The same insured person, respectively, as enterprise employees and flexible employees, will be refunded as part of the repeated payment of flexible employees.

If the same person repeatedly participates in the endowment insurance for urban workers (including flexible employees, May 7th Workers and collective workers), urban and rural residents and landless farmers and herdsmen in the same period of time, I confirm to keep one of them, and the other duplicate parts will be returned to me in full. In addition to the repeated payment of insurance, after the insured person has gone through the retirement formalities and enjoyed the treatment, all the endowment insurance premiums paid by the individual will be returned to him. It is worth noting that the insured enjoys the preferential policies of the state, the autonomous region and Baotou City, and the social security subsidies given are not refundable. Medical care, work injury, unemployment and maternity insurance within the city can also be implemented with reference to the above provisions.

Refund process

1. Print the payment list at the social security bureau where the original unit is located, and stamp it to prove that the insured person bought social security there. If the original unit and the current unit are social security bureaus, this step can be omitted;

2. Now the unit fills in the refund application form and goes through the refund application formalities at the Social Security Bureau;

3. After the social security is approved, the current unit will go to the local tax and social security collection hall for refund. The procedures are all handled by the new unit to help employees. All the overpayments made by units and individuals can be refunded.

legal ground

Article 56 of People's Republic of China (PRC) Insurance Law

The applicant for double insurance shall inform all insurers about the double insurance.

The sum of the compensation premiums paid by the insurer of double insurance shall not exceed the insured value. Unless otherwise agreed in the contract, each insurer shall be liable for compensation in proportion to the sum of the insured amount.

The applicant for double insurance may require the insurer to return the insurance premium according to the part in which the insured amount exceeds the insured value.

Double insurance refers to the insurance in which the insured concludes insurance contracts with two or more insurers for the same subject matter, the same insurable interest and the same insured accident, and the sum of the insured amount exceeds the insured value.