Is old-age insurance easy to transfer?

Legal analysis: According to this inter-provincial transfer process of endowment insurance, a normal insured person can complete the inter-provincial transfer of endowment insurance within one week at the earliest and no later than 45 working days, and 90% of the work in the transfer process will be handled by the social security agency at the transfer place.

Step 1: Before the insured person moves across provinces, he/she shall issue the payment certificate of basic old-age insurance to the social security agency of the original insured place.

Step 2: The insured person holds the payment voucher, registered permanent residence and ID card to handle the continuation relationship with the social security agency in the new place of employment.

Step 3: The social security agency of the new employment place will review whether the applicant meets the requirements within 15 working days.

Step 4: Within 15 working days after receiving the contact letter, the social security agency of the original insured place will clear up whether the applicant's insurance payment is in arrears and handle the transfer of the old-age insurance fund, terminate the applicant's local insurance relationship, and issue the basic old-age insurance relationship transfer and connection information form to the new insured place.

The last step: the social security institution of the newly insured place shall complete the relevant procedures within 15 working days after receiving the information form and the transfer fund.

Legal basis: Article 19 of the Social Insurance Law of People's Republic of China (PRC) stipulates that if an individual is employed across the overall planning area, his basic old-age insurance relationship will be transferred accordingly, and the payment period will be calculated cumulatively. When an individual reaches the statutory retirement age, the basic pension is calculated in stages and distributed uniformly. Specific measures shall be formulated by the State Council.