The new company has to pay social security, but it has been paid for one year. Can it be refunded?

Endowment insurance has been paid for more than 15 years. As long as you have not reached retirement age, you can continue to pay fees, and the excess can be refunded.

The basic pension consists of overall pension and individual account pension. The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.

According to Article 7 of the Interim Measures for the Connection of Urban and Rural Endowment Insurance System:

If the insured person participates in urban employee pension insurance and urban and rural residents' pension insurance at the same time in the same year, the repeated payment period (calculated on a monthly basis, the same below) only calculates the payment period of urban employee pension insurance, and returns the individual contributions and collective subsidies corresponding to the repeated payment period of urban and rural residents' pension insurance.

Extended data

There is no policy to transfer the overall fund for the cross-institutional relationship between urban and rural residents and employees, because the basic pension of urban and rural residents' old-age insurance is not paid from the overall fund, but is paid directly by the government, and there is no concept of overall fund in the residents' old-age insurance system.

According to Article 6 of the Interim Measures for the Connection of Urban and Rural Endowment Insurance Systems, if the insured person is transferred from urban employee endowment insurance to urban and rural residents' endowment insurance, the amount stored in the individual account of urban employee endowment insurance will be fully incorporated into the individual account of urban and rural residents' endowment insurance, and the payment period for participating in urban employee endowment insurance will be calculated as the payment period of urban and rural residents' endowment insurance.

Baidu Encyclopedia-Interim Measures for the Connection of Urban and Rural Endowment Insurance System

People's Daily Online-Finance-Ministry of Human Resources and Social Security: I can get a refund for the old-age insurance that I participated in repeatedly.