Job Recruitment Website - Social security inquiry - Can the social security just deducted be refunded?
Can the social security just deducted be refunded?
Social security is generally not allowed to surrender, but under certain circumstances, social security fees can be refunded. Individuals who have paid social security for less than 15 years and have reached retirement age may apply to terminate the old-age insurance relationship and receive the amount of personal account storage at one time; If you go abroad to settle down and give up your nationality, you can also terminate the basic old-age insurance relationship for employees and receive the amount of personal account storage; In addition, if the person who pays social security unfortunately dies, the personal payment principal and interest in his personal account balance can be inherited. In these cases, after verifying the information, the Social Security Bureau will pay the relevant amount to the person or heir.
Basic principles of social security:
1. Compulsory: Social security belongs to the national compulsory insurance system, and once paid, it is usually not refunded;
2. Mutual assistance: social security is based on the principle of mutual assistance, and individuals pay into public funds to share the risks of all participants;
3. Welfare: Social security aims to provide basic living security and reduce the economic burden caused by old age and illness;
4. Policies: Social security policies are formulated by the state and adjusted according to economic development and social needs;
5. Universality: Social security covers a wide range and aims to provide basic protection for all eligible citizens.
To sum up, under normal circumstances, social security fees are non-refundable, but under certain circumstances, such as when an individual fails to pay social security fees/reaches retirement age in Kloc-0/5 years, goes abroad to settle down and give up his nationality, dies, etc., the Social Security Bureau will verify the information and pay the relevant amount to himself or his successor.
Legal basis:
People's Republic of China (PRC) social insurance law
Article 4
Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.
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