Pension insurance transfer procedures include what?

Pension insurance transfer procedures

A. Pension insurance transfer process

The prerequisite for a participant to transfer to a different city is to be employed in the transferring city and establish a pension insurance relationship.

Participants or employers to apply for the transfer of the transfer and show the "proof of participation", fill out the "basic pension insurance relationship transfer application form. After reviewing the application, if it meets the conditions for transfer, within 15 working days from the date of acceptance, the staff will send the "Contact Letter of Transferring and Continuing Basic Pension Insurance Relationships" to the social security organization of the participant's original place of enrollment. The following procedures shall be completed within 15 working days after the receipt of the "Basic Pension Insurance Relationship Transfer and Continuation Information Sheet" and the transfer fund from the original social security institution:

1. Check the "Information Sheet" and the amount of the transfer fund;

2. Credit the amount of the transfer fund to the integrated fund and to the participant's personal account according to the regulations;

3. According to the information form and the materials provided by the employer or the insured person, the employer or the insured person will be notified of the completion of the process.

Second, the process of transferring out of pension insurance in other places

Before transferring out of the insured person, apply for the issuance of the "Basic Pension Insurance Participation and Payment Voucher", and provide the insured person with the resident's identity card and other relevant certificates in accordance with the provisions of the law; after checking the payment information, the staff will issue the "Basic Pension Insurance Participation and Payment Voucher", and inform the transfer of the The conditions of transfer and continuity will be informed. For those who have arrears of contributions, they will be informed of the arrears and reminded to make up the contributions in time.

Merchants Bank Insurance reminds that the following procedures will be completed within 15 working days from the date of receipt of the "Contact Letter for the Transfer and Continuation of Basic Pension Insurance Relationships" from the new place of employment:

1. Verify the relevant information and generate the "Information Sheet on the Transfer and Continuation of Basic Pension Insurance Relationships";

2. Information Sheet" to the social security organization in the new place of employment;

4. Terminate the basic pension insurance relationship of the insured person in the city.

Three meanings of old-age insurance

1. Old-age insurance is automatically effective only after the old people within the legal scope have completely or basically withdrawn from social and labor life. The term "complete" here is characterized by the separation of the worker from the means of production; the term "basic" refers to the fact that participation in productive activities is no longer a major part of social life. It should be emphasized that the legal age threshold (which varies from country to country) is the practical measure.

2. The purpose of old-age insurance is to protect the basic needs of the elderly and to provide them with a stable and reliable source of livelihood.

3. Pension insurance is to use social insurance as a means to achieve the purpose of protection. Pension insurance is a social security system more commonly practiced in countries around the world.

Pension insurance changes with the job, when your job changes, then your pension insurance is also required to transfer, I hope the above introduction, can help you.