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What if there is no endowment insurance after the resignation of a public institution?

If the staff of public institutions resign, the social endowment insurance shall be handled in the following ways:

1, converted into a risk. The retirement salary after insurance is calculated according to individual retirement, and no longer enjoys the retirement benefits of public institutions when retiring. Go to the labor security office where the registered permanent residence is located.

2. Turn into enterprise insurance. After the insurance, the retirement salary is calculated according to the enterprise retirement, and no longer enjoys the retirement benefits of public institutions when retiring. Go to the labor security office where the enterprise is located to participate in insurance.

3. Stop insurance after turning into an individual. If the insurance period has reached 15 years, you can stop participating in the insurance. When you reach retirement age, go through the retirement formalities at the labor and social security office where your registered permanent residence is located. In this way, when you retire, you will no longer enjoy the retirement benefits of public institutions.

Extended data

The basic old-age insurance premium is shared by enterprises and employees: enterprises pay according to a certain proportion of the total average monthly salary of employees in last year (19% in Beijing, which may be different in other cities), and employees pay according to a certain proportion of the average monthly salary of employees in last year (generally 8%).

Urban individual industrial and commercial households, flexible employees and laid-off workers from state-owned enterprises who participate in the basic old-age insurance in their personal capacity shall pay the basic old-age insurance premium at a rate of 20% based on the average social wage in the province where they are located, and all of them shall be borne by themselves.

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