Is it a loss for social security in first-tier cities to return to their hometown?

Social security in first-tier cities is transferred back to their hometown. Paying social security in first-tier cities requires units, which pay many social security projects, including medical insurance, endowment insurance, career insurance and work-related injuries, and the base and proportion of payment are also high. Social security transfer refers to the process of pension insurance relationship transfer when the insured person is employed across the overall planning area. Social security transfer needs to go through three processes, the insured only needs to apply, and the rest of the work is transferred by the social security departments of the two places.

The social security transfer process is as follows:

1. Take the employee ID card, social security card and the resignation certificate of the original unit, and go to the original social security bureau to ask for the Certificate of Transfer of Basic Endowment Insurance.

2. Submit the above vouchers, original ID card+copy, and social security card to the currently insured social security bureau, and fill in the application form for the transfer of the insured's basic old-age insurance relationship.

3. After the data is submitted, it usually takes about 45 days to complete the transfer.

Legal basis: Article 2 of People's Republic of China (PRC) Social Insurance Law.

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 when they are old, sick, injured, unemployed and have children.

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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.