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Transferring social security across provinces is a good loss

For transferring social security across provinces, some people say that transferring social security across provinces is a good loss, and many people don't understand this statement very well.

The issue of transferring social security across provinces is mainly related to the number of years of contributions to pension and medical insurance, because the accumulated years of contributions to pension and medical insurance will affect the treatment of the insured after retirement.

If a participant has accumulated 23 years of contributions, the local contribution period has been 9 years, then only need to pay one more year to enjoy the retirement medical insurance, if this time to transfer the social security will be very uneconomical.

Additionally, we all know that the cumulative contribution of 15 years of pension insurance can enjoy the old age protection, although the pension insurance is calculated by the cumulative contribution years, the transfer of social security will not result in the loss of years of payment, but the low pension will have an impact on the pension insurance in the place of domicile, then after retirement in the place of domicile to receive pensions.

The pension is not in the domicile, then the insured person can be in the cumulative contribution of 10 years in the region to receive pension; pension is not in the domicile, and cumulative contribution of less than 10 years, then the pension insurance relationship will be transferred back to the last contribution of 10 years of the insured region to receive pension, more than the number of years of contribution are not enough, then the pension insurance relationship will be transferred back to the domicile.

The pension is related to the local average salary, if the insured person crosses the province to transfer the pension insurance from the region with high average salary to the region with low average salary, then it will directly affect the amount of pension received after retirement.