Shanghai's urban security transition period

1, the new three risks you mentioned are actually city insurance. According to the regulations of the municipal government, if the unit can open rural hukou for foreign employees, only three insurances will be paid. Your company's practice is legal, but you pay the city insurance according to the five-year transition period. The so-called transition period means that within five years, the payment ratio and payment base will transition to the normal payment level year by year. The payment base in the first year is 40% of the social wage in the previous year, 45% in the second year, 50% in the third year, 55% in the fourth year and 60%-300% in the fifth year. The payment ratio is 37.5% for five years (including 28.5% for the unit and 9% for the individual). Among them, the old-age insurance can not be withdrawn in one lump sum, but it can be transferred nationwide and handled in the district and county social security centers of the insured areas. Medical insurance can close the account, collect the balance of personal account, go to the medical insurance center of the insured place, or wait until Shanghai issues relevant implementation rules before transferring it nationwide; Work-related injury insurance is paid by the unit, and there is no personal account, so it cannot be transferred or withdrawn.

2. You can choose to cancel the housing provident fund account and withdraw the balance in your personal account at one time, including the part paid by the company.

With the original ID card, household registration certificate of other provinces and cities, certificate of termination of labor relationship between employees and local units, certificate of withdrawal of provident fund issued by the unit to which the provident fund account belongs and application form (if the provident fund relationship has been transferred to the sealed place, it can be issued by the provident fund management departments of nearby districts and counties), you can cancel the account in full at the provident fund counters of various CCB branches in Shanghai (it will be more troublesome for employees who return to work in Shanghai after cancellation, so please choose to withdraw the account carefully).

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.