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Can all the social security money be taken out?
1. People who pay social security every month need long-term medical treatment in different places, or want to settle abroad after retirement, they can withdraw funds from the medical insurance account and keep the account;
2. People who pay social security every month can go abroad to settle down before retirement or withdraw funds from medical insurance accounts, but they must cancel their accounts;
If a person who pays social security every month wants to live and work in another area, in principle, the balance in your social security account will be transferred through the social insurance agency. However, if the agency does not accept it, it can withdraw the balance in the account and apply for cancellation of the personal account. In principle, social security money can't be taken out, but in special circumstances.
Conditions can be taken out:
1, reaching retirement age, not meeting the conditions of payment 15 years;
2. The insured dies for some reason;
3. The insured goes abroad to settle down;
4, after retirement, personal account balance;
5. Repeated payment. Part of the money paid by social security is paid by the company and part is paid by the individual. There are two kinds of accounts: overall account and personal account. Money in personal accounts can be withdrawn. Once taken out, it will be terminated and cannot be recovered. You can only go to a new unit and apply for another one.
Legal basis:
Article 16 of the Social Insurance Law of People's Republic of China (PRC) * * * Individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age. Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.
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