I now have a social security card and an employee pension insurance manual. Will it be useful to get one in the future?

Q: I now have a social security card and an employee pension insurance manual. Will it be useful to get one in the future?

A: The Scout Law Online Consultation will answer your question.

The so-called endowment insurance (or endowment insurance system) is a social insurance system established by the state and society according to 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.

According to the current regulations, if an employee dies before retirement, the amount in his personal pension insurance account will be refunded, including interest. If he participates in the supplementary endowment insurance, the part paid by the individual will be refunded together with the interest, that is to say, only the money contained in his personal account will be refunded, and it will not be refunded if he enters the social pooling.

When an insured retiree dies, in addition to returning the balance of his personal account, all localities have relevant regulations on funeral expenses and pensions, taking Shenzhen as an example:

Funeral expenses: the average monthly salary of employees in the previous year ×3.

One-time pension for dependent relatives:

Support 1 person: the average monthly salary of employees in this city last year ×6.

Raise 2 people: the average monthly salary of employees in this city last year ×9.

Support more than 3 people: the average monthly salary of employees in the previous year × 12.