Job Recruitment Website - Social security inquiry - Can the endowment insurance money be taken out?
Can the endowment insurance money be taken out?
Legal basis: Article 15 of the Military Insurance Law of People's Republic of China (PRC) stipulates that if a soldier has participated in the basic old-age insurance before enlisting, the local social insurance agency and the financial department of the military logistics (joint logistics) organ shall handle the transfer and connection procedures of the basic old-age insurance relationship.
Article 16 If an active serviceman participates in the basic old-age insurance for employees after retiring from active service, the financial department of the military logistics (joint logistics) organ will transfer the retired old-age insurance relationship and the corresponding funds to the local social insurance agency, and the local social insurance agency will handle the corresponding transfer and connection procedures.
The service life of military personnel is combined with the payment life of participating in the basic old-age insurance for employees before enlisting and after retiring from active service.
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