Job Recruitment Website - Social security inquiry - Can you get a refund if you don't want to pay for social security after seven years?
Can you get a refund if you don't want to pay for social security after seven years?
Social security payment is a long-term, ongoing social security system, which is designed to ensure that participants can receive some financial support in the future in the event of old age, medical care, unemployment and other risks. Therefore, once paid, social security funds go into the National Social Security Fund, which is used to pay for social security benefits that have already occurred or may occur in the future.
However, different regions and policies may have some special provisions. For example, in some cases, if a participant needs to terminate his or her social security relationship for special reasons (e.g., emigration, death, etc.), he or she may be able to apply for a partial refund or transfer of social security fees. However, this usually requires the fulfillment of certain conditions and procedures, and you need to consult with your local social security department for details.
Overall, if you don't want to pay for social security after seven years, you can't usually get a direct refund. It is recommended that before deciding to terminate social security payments, participants fully understand the local policy provisions to avoid unnecessary losses due to a lack of understanding of the policy.
In summary:
When you don't want to pay social security after seven years of payment, the social security fees are usually not directly refundable. However, different regions and policies may have special provisions, you need to consult the local social security department to understand the specific operation.
Legal basis:
The People's Republic of China **** and the State Social Insurance Law
Article 14 provides:
Individual accounts may not be withdrawn in advance, the interest rate of the book shall not be lower than the bank time deposit rate, exempted from interest tax. In the event of an individual's death, the balance of the individual account may be inherited.
The Social Insurance Law of the People's Republic of China
Article 64 stipulates:
The social insurance fund includes the basic pension insurance fund, the basic medical insurance fund, the industrial injury insurance fund, the unemployment insurance fund and the maternity insurance fund. With the exception of the basic medical insurance fund and the maternity insurance fund, which are combined and accounted for together, the other social insurance funds are accounted for separately according to the type of social insurance risk and are accounted for in separate accounts. The social insurance fund implements the national unified accounting system.
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