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How to transfer insurance across markets
Legal basis: Interim Measures for the Transfer and Continuation of the Basic Old-age Insurance for Employees of Urban Enterprises Article 3 If the insured person is employed by floating across provinces, the social insurance agency of the original insured place (hereinafter referred to as the social insurance agency) will issue the insurance payment certificate, and the basic old-age insurance relationship will be transferred to the new insured place. If the insured reaches the conditions for receiving the basic old-age insurance benefits, the payment period of insurance premiums will be calculated together, and the amount of personal account storage (including principal and interest, the same below) will be calculated cumulatively; Before reaching the age of receiving treatment, the basic old-age insurance relationship shall not be terminated, and the procedures for surrender shall be handled; Settle abroad and settle in Hongkong, Macao and Taiwan Province Province, according to the relevant provisions of the state. According to Article 8 of the Interim Measures for the Transfer and Continuation of the Basic Old-age Insurance for Employees of Urban Enterprises, if the insured person is employed across provinces, he shall go through the transfer and continuation procedures of the basic old-age insurance according to the following procedures: (1) After the insured person establishes the basic old-age insurance relationship in the new employment place and pays the fees according to the regulations, the employer or the insured person shall submit a written application for the transfer and continuation of the basic old-age insurance relationship to the social security agency in the new insurance place. (2) The social security agency of the newly insured place shall, within 15 working days, review the application for transfer and continuation, send an acceptance letter to the social security agency where the insured person's original basic old-age insurance relationship is located, and provide relevant information; Do not meet the transfer conditions, make a written explanation to the applicant or the insured. (3) The social security agency where the original basic old-age insurance relationship is located shall handle all the transfer and connection procedures within 15 working days after receiving the acceptance letter. (4) After receiving the basic old-age insurance relationship and funds transferred by the social security agency where the insured person's original basic old-age insurance relationship is located, the social security agency in the newly insured place shall complete the relevant procedures within 15 working days, and notify the employer or the insured person of the confirmation in time.
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