I bought social security in Hangzhou for eight years, and now I'm retiring and going back to Xuzhou. Is it cost-effective?

Inter-provincial social security transfer is much more suitable than surrender. Surrender can only receive the part paid by individuals, while inter-provincial transfer means that the social security paid is still in the social security account. It also involves insurance such as endowment medical care, and the accumulated years of social security contributions are retained after cross-provincial transfer.

Social security can be transferred with the change of workplace, but not all types of insurance can be transferred together. At present, only endowment insurance and medical insurance can be transferred. Unemployment, work injury and maternity insurance cannot be transferred, and cross-provincial transfer can also transfer the overall amount of pension accounts.

Being an ordinary account means that you will reach the legal retirement age in the future. If the payment period meets the local regulations, you can go through the retirement procedures and enjoy the retirement benefits there. Such a social security account can be transferred if you want.