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The difference between social security merger and transfer
Legal basis: Article 79 of the Social Insurance Law of People's Republic of China (PRC) stipulates that the administrative department of social insurance shall supervise and inspect the income and expenditure, management and investment operation of social insurance funds. If problems are found, it shall put forward rectification opinions, make a decision according to law or make suggestions to relevant administrative departments. The inspection results of social insurance funds shall be announced to the public regularly.
The administrative department of social insurance shall supervise and inspect the social insurance fund and have the right to take the following measures:
(a) to consult, record and copy the information related to the income and expenditure, management and investment operation of social insurance funds, and to seal up the information that may be transferred, hidden or lost;
(two) ask the units and individuals related to the investigation, and ask them to explain the problems related to the investigation and provide relevant certification materials;
(three) to stop the concealment, transfer, embezzlement and misappropriation of social insurance funds and order them to make corrections.
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