Can the social security paid by the company be converted into money?

1, the state stipulates that the employer must buy social security for employees who sign labor contracts, and cannot convert it into money and send it to employees.

2. You can apply for social security funds under the following circumstances:

A, reaching retirement age, but not meeting the requirement of payment 15 years (all personal account deposits are paid);

B. The insured dies for some reason;

C. the insured goes abroad to settle down;

D, death after retirement, personal account balance.

3. Social insurance refers to the system that the state establishes a social insurance fund through legislation to provide necessary material assistance to the workers who participate in labor relations when they lose their ability to work or are unemployed. Social insurance is not for profit.