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What about social security after leaving Shanghai?
Legal analysis: After leaving the company, the former company will reduce its employees from its company account, and then the workers can continue to pay social insurance as freelancers themselves, or they can transfer to the new company account to let the new company continue to pay social insurance. Provident funds are similar to social security.
Legal basis: Article 19 of the Social Insurance Law of People's Republic of China (PRC) stipulates that if an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred accordingly, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.
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