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How to transform rural insurance into social security
In addition, the second case: the current policy stipulates that for the insured who first apply for the new rural social endowment insurance in rural areas and then participate in the basic endowment insurance for employees due to employment, when transferring the pension insurance relationship, the amount stored in the personal account of the resident endowment insurance can be converted into the payment period of the basic endowment insurance for employees according to the provisions of the basic endowment insurance for employees and continue to pay. When reaching retirement age, those who meet the requirements of receiving the basic old-age insurance benefits for employees on a monthly basis shall enjoy the old-age benefits according to the provisions of the basic old-age insurance for employees; Those who do not meet the conditions for receiving the basic old-age insurance benefits for employees on a monthly basis can convert their personal accounts of basic old-age insurance for employees into personal accounts of residents' old-age insurance, convert the payment period according to the local average payment standard of the current year, and enjoy the old-age insurance benefits for residents in accordance with regulations.
In short, those who have paid the new rural endowment insurance can be transferred to social security, but the money from rural endowment insurance can be transferred to the basic old-age insurance for employees, and 15 of the basic old-age insurance for employees can be paid in advance.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.
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