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How does Shenzhen social security transfer back to its hometown?
1. Legal analysis: Those who paid social security in Shenzhen before can apply to transfer the social security paid by Shenzhen to other places. Those who have participated in the old-age insurance in Shenzhen and meet one of the following conditions are allowed to transfer out the old-age insurance: they are employed in different provinces and participate in the old-age insurance in new places of employment; Transfer to the place where the old-age insurance benefits are received. If one of the following conditions is met, it is allowed to transfer medical insurance: the insured who has participated in medical insurance in Shenzhen and has a payment record; Insured persons with balance in personal accounts of Shenzhen medical insurance.
2. Legal basis: Article 19 of the Social Insurance Law of People's Republic of China (PRC) stipulates that if an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred accordingly, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.
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