Employee pension insurance how to transfer urban and rural residents how to calculate the pension insurance

You need to submit a written application to the social security agency and provide relevant materials.

The process of transferring employee pension insurance to urban and rural residents' pension insurance involves a series of operations, including application, review and calculation. First of all, the employee needs to submit a written application to his/her employer or the social security agency, indicating his/her wish to transfer the employee's pension insurance to the urban and rural residents' pension insurance. At the same time, the employee is also required to provide relevant proof of identity, social security payment records and other materials for verification and audit.

After receiving the application, the social security agency will carry out the necessary audit work to verify the applicant's identity, social security payment status and other information. If the audit is passed, the applicant's employee pension insurance account will be canceled and transferred to the urban and rural residents' pension insurance account.

As for the calculation of the urban and rural residents' pension insurance, it is mainly based on the individual's years of contribution, the amount of contribution as well as the local policy regulations. Generally speaking, the longer the number of years of contribution and the higher the amount of contribution, the higher the treatment an individual can get when receiving the pension. In addition, urban and rural residents' pension insurance policies may vary from place to place, so you should also refer to the local policy regulations when making specific calculations.

In the process of transferring employee pension insurance to urban and rural residents' pension insurance, it should be noted that there are differences between the two insurance systems in terms of contribution standards and treatment levels. Employee pension insurance usually has higher contributions but also relatively higher benefits, while urban and rural residents' pension insurance has lower contributions and correspondingly lower benefits. Therefore, before making the decision to switch, employees need to fully understand the differences between the two insurance systems and weigh their actual situation and needs.

In summary:

Employee pension insurance to urban and rural residents' pension insurance needs to submit a written application to the social security agency and provide relevant materials. After examination and approval, the employee pension insurance account will be canceled and transferred to the urban and rural residents' pension insurance account. The calculation of the urban and rural residents' pension insurance is mainly based on the individual's years of contribution, the amount of contribution and local policy regulations. Before making the decision to switch, employees should fully understand the differences between the two insurance systems.

Legal basis:

The Social Insurance Law of the People's Republic of China

Article 16 stipulates:

Individuals who have participated in the basic pension insurance shall receive a basic pension on a monthly basis if they have made contributions for a total of fifteen years by the time they reach the legal retirement age. Individuals who have participated in basic old-age insurance and have contributed for less than fifteen years by the time they reach the legal retirement age may contribute until they reach the full fifteen years and receive a basic pension on a monthly basis; they may also be transferred to the new type of rural social old-age insurance or the urban residents' social old-age insurance, and enjoy the corresponding old-age insurance benefits in accordance with the provisions of the State Council.

This provision clarifies that when an employee reaches the legal retirement age, if the employee's pension insurance contributions are less than fifteen years, the employee can choose to transfer to the urban and rural residents' pension insurance.

The Social Insurance Law of the People's Republic of China

Article 22 stipulates:

The State establishes and improves the social pension insurance system for urban residents. The people's governments of provinces, autonomous regions and municipalities directly under the central government may, in the light of the actual situation, combine the social pension insurance for urban residents with the new rural social pension insurance.