Job Recruitment Website - Social security inquiry - Can I buy rural endowment insurance and turn it into social security?
Can I buy rural endowment insurance and turn it into social security?
Legal analysis: the old-age insurance paid by the general rural areas belongs to the new rural cooperative medical insurance. This new rural cooperative endowment insurance cannot be transferred to social security, because social security belongs to the category of employee endowment insurance, and the insured groups of employee endowment insurance must pay fees normally year by year. When you have participated in the rural old-age insurance before, then our choice can only be to give up the rural old-age insurance you have participated in and join the employee old-age insurance instead.
Legal basis: Article 2 of the Social Insurance Law of People's Republic of China (PRC) The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance, maternity insurance, etc., to protect citizens' right to get material help from the state and society according to law in case of old age, illness, industrial injury, unemployment and maternity.
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