Job Recruitment Website - Social security inquiry - Can the personal part of the social security can be taken out
Can the personal part of the social security can be taken out
Social security personal contribution part can be taken out, but there are certain conditions:
Participation in old-age insurance: to reach the retirement age, did not meet the conditions of 15 years of contributions to the individual account storage amount of all the payment; the participant's death due to death, retirement death, the balance of the individual account is still there.
Participation in medical insurance: the death of the participant: the heirs can take out all the money principal and interest in the medical insurance card, or can be transferred to their own medical insurance card; participants out of the country: with the certificate of departure and other information for the withdrawal of the account balance of the business.
Social insurance (Social Insurance) refers to a social and economic system that provides income or compensation to a population that is incapacitated, temporarily out of work, or has suffered a loss due to health reasons. The main programs of social insurance include pension insurance, medical insurance, unemployment insurance, work injury insurance, and maternity insurance.
Social insurance programs are organized by the government, which forces a certain group of people to take part of their income as a social insurance tax (fee) to form a social insurance fund, from which the insured can receive a fixed amount of income or compensation for their losses if certain conditions are met, and it is a kind of redistributive system, whose goal is to ensure the reproduction of material and labor force and the stability of the society.
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