Can the pension balance in social security be taken out?

The pension balance in social security can be taken out.

Details are as follows:

1, but you can only take it at retirement age, not in advance. Except for a few special circumstances, endowment insurance cannot be surrendered in advance. Even if the payment is less than 15 years, you will not get the pension, and you will retire at the retirement age and get back the balance of your personal account;

2, go abroad to settle down, pay fees repeatedly, and die before retirement. Regarding the repeated payment, if the unit or individual pays the fee repeatedly, the individual payment will be refunded. If banks and enterprises pay fees repeatedly, enterprises will refund them. In other cases, only the individual account of endowment insurance can be returned, and the rest will enter the overall fund and will not be returned.

Social security includes the following contents:

1, old-age insurance, which guarantees the future old-age life. The insured can receive the pension on time after retirement, and can receive funeral expenses and pensions when he dies early;

2. Medical insurance, because medical expenses can be reimbursed according to regulations; After the payment reaches a certain number of years, retirement can also enjoy medical insurance benefits;

3, unemployment insurance, unemployment insurance can provide an unemployment insurance premium and subsidies when the insured does not take the initiative to unemployment;

4. Work injury insurance. If the insured is injured during work, the insured can pay the treatment fee, life care fee and disability allowance through work-related injury insurance, and provide disability allowance;

5. Maternity insurance, which provides reimbursement and subsidies for the check-up and medical expenses during childbirth.

The social security payment period is stipulated as follows:

1, the cumulative payment period of medical insurance (including the deemed payment period and actual payment period in this city) shall be 30 years for men and 25 years for women;

2. The social insurance plan is organized by the government, forcing a certain group to use part of its income as social insurance tax to form a social insurance fund, from which the insured can obtain fixed income and loss compensation;

3. Pay the basic old-age insurance premium 15 years and the basic medical insurance premium for 20 years in the same city. When retiring, it will be calculated according to the standard of the city where the payment is made;

4 to participate in the basic old-age insurance, individuals who have reached the statutory retirement age and accumulated contributions for fifteen years, receive the basic pension on a monthly basis.

To sum up, these situations generally need to comply with the relevant regulations and approval procedures, and the specific operation methods need to consult the local social security department or related professionals.

Legal basis:

Article 13 of the Social Insurance Law of People's Republic of China (PRC)

Before employees of state-owned enterprises and institutions participate in the basic old-age insurance, the basic old-age insurance premiums payable during the payment period shall be borne by the government.

When the basic old-age insurance fund is insufficient to pay, the government gives subsidies.

Article 14

Personal accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Article 15

The basic pension consists of overall pension and individual account pension.

The basic pension is determined according to factors such as individual cumulative payment years, payment wages, average salary of local employees, personal account amount, average life expectancy of urban population, etc.