Can social security be refunded? What are the conditions for returning social security?

Social security can be refunded if it meets the conditions. The conditions for returning social security are: the insured emigrates, the insured dies, his heirs apply for surrender, and at the same time, they have participated in social insurance for many times, reaching the legal retirement age, and the accumulated payment is insufficient 15 years. I request not to transfer to rural insurance or urban insurance.

Operation method 0 1

According to the relevant regulations, if the insured leaves the country to settle down before retirement, the personal account amount will be returned to the insured, and the pension insurance relationship will be terminated at the same time, but the account can be kept without surrender.

02

After the death of the insured, his heirs apply for surrender, and the amount in the personal account of the insured's endowment insurance can be inherited by relatives. The overall account is not refundable. Non-work-related deaths may also require pension funds to pay part of funeral expenses and survivors' subsidies.

03

If you participate in social insurance repeatedly at the same time, the state stipulates that individual social security is not allowed to have two accounts. If you participate in the insurance repeatedly, you must empty one of the accounts and return the personal insurance funds in the empty account to the insured.

04

Unwilling to extend the payment to 15 years or transfer to the new rural social endowment insurance or urban residents' social endowment insurance, you can apply for a one-time payment of personal account storage.

05

For those who immigrate to Hong Kong or abroad, it is suggested that the insured can keep their hukou, and if they have the opportunity to return to the mainland or work in the future, they can continue their social security, and they can also receive a pension in China when they meet the conditions for receiving a pension. Once they surrender, all previous payment years will be cleared.

Special tips

After the implementation of the Social Insurance Law, if the payment is extended for five years but still less than fifteen years, it can be paid in one lump sum for fifteen years. For example, a 58-year-old male employee who has participated in the endowment insurance for only two years can postpone the payment after the age of 60, that is, he will have to pay back 13 years before he can receive the pension on a monthly basis. After extending the payment for five years, you can pay back the remaining eight years in one lump sum, that is, you can enjoy the old-age insurance benefits at the age of 65.