Does endowment insurance need to be transferred in the same city?

Social security transfer in the same city depends on the specific situation. Individuals who are employed across the overall planning areas need to apply for social security transfer. If social security is co-ordinated in the same area, he does not need to apply for social security transfer.

Legal analysis

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age. Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Social security transfer refers to the process of pension insurance relationship transfer when the insured person is employed across the overall planning area. In the new place of employment, the insured or the employer shall apply to the social security agency of the new place of employment for the transfer of the old-age insurance relationship with the proof of payment of the old-age insurance. Housing provident fund does not need to be transferred in the same city and district, only individuals need to hand in their ID cards to the personnel department, housing provident fund needs to be issued for transfer in different districts of the same city, and new companies need to go to the housing provident fund center for transfer.

legal ground

People's Republic of China (PRC) social insurance law

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach 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.

Nineteenth individuals across the overall regional employment, the basic old-age insurance relationship with my transfer, the cumulative payment period. 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.