How to refund Zhenjiang social security personal account

Insurance Bian Xiao helps you answer, and more questions can be answered online.

Yes, but we should pay attention to several aspects.

First, social security can only be refunded if it meets the conditions for surrender.

According to the relevant regulations, the money in the social security personal account cannot be retired in advance, nor can it be withdrawn in advance, so you must wait until retirement. But those who meet the following conditions can apply for surrender:

(1) The insured reaches retirement age and fails to pay 15 years; (2) those who repeatedly participate in insurance and terminate labor relations can surrender; (3) The insured goes abroad to settle down; (4) The insured dies.

Two, surrender can only be returned to the individual to pay part.

In addition to the above conditions, only when the insured reaches retirement age, that is, when the male is 60 years old and the female is 55 or 50 years old, the funds in the personal account can be refunded in one lump sum, and the part paid by the unit will not be refunded. And you can only refund the old-age insurance. The monthly payment of individual account is 8% of the local social average wage, and the unit payment is 20% of the local social average wage.

If it is a flexible employee, it is not cost-effective to surrender. Only a small number can retire, and they can't retire until they reach retirement age. Coupled with the devaluation of the currency, the loss will be even greater.

Therefore, we must not blindly surrender. Once you surrender, if you want to re-participate, the payment period of old-age insurance will be cleared and the calculation will be restarted, which will have an impact on the retirement of the insured. At the same time, the participation time of medical insurance has been interrupted, and the payment period of medical insurance has to be recalculated, and the medical insurance benefits that can be enjoyed will also be affected.

Social security is calculated according to accumulated years. As long as the cumulative payment reaches 15 years, you can enjoy pension benefits at retirement age. If you can't continue to pay social security due to economic reasons, you can go through the formalities to stop paying, and then continue to pay when the funds are sufficient.