What does social security termination fund mean?

The termination of social security insurance refers to:

1. When the insured person is in the stage of leaving his job and becoming a freelancer, some of his social security contributions cannot be paid normally and he will no longer be insured. Usually, freelancers can only participate in pension insurance and medical insurance, but unemployment insurance, maternity insurance and industrial injury insurance cannot participate. At this point, these projects are in a terminated state;

2. When the insured person emigrates abroad, social security will also terminate the insurance, and the insured person will never participate in social security again.

Local people who need to buy social security can go directly to the local local tax bureau to buy it. Individuals affiliated with the company apply for social security and purchase in the name of human resources companies. Individuals sign agency contracts with human resources agency companies, submit relevant materials, and pay social security fees and service fees.

Social insurance premiums are composed of enterprise contributions and individual contributions, which are purchased by individual affiliated units, and the total social insurance premiums are paid by individuals. The agency pays social security fees for individuals on a monthly basis.

Individuals can check the details of social security purchased by themselves on the website of the Social Security Bureau and receive social security cards the next month. People who need to buy social security from affiliated units: freelancers, entrepreneurs, flexible employees, temporarily unemployed or short-term workers.

legal ground

People's Republic of China (PRC) social insurance law

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 3 The social insurance system adheres to the principles of wide coverage, basic protection, multi-level and sustainability, and the level of social insurance should be compatible with the level of economic and social development.

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.

Article 62 If the employer fails to declare the amount of social insurance premiums that should be paid according to the regulations, the amount that should be paid shall be determined according to 1 10% of the amount paid by the employer last month; After the payment unit completes the declaration procedures, the social insurance fee collection agency shall make settlement in accordance with the provisions.