Job Recruitment Website - Social security inquiry - Why do employees still have to pay social security money every year from the time they buy out to the age of 55 to retirement?
Why do employees still have to pay social security money every year from the time they buy out to the age of 55 to retirement?
The reason for this is the following:
1. According to the relevant national regulations, if the social security premium paid by an individual exceeds the amount actually used, then the individual can choose to return the excess. Therefore, if the employee actually pays more than the amount actually used after buying out social security, he can apply for returning the overpaid social security fee.
2. Enterprises may need to stipulate the refund policy for employees to purchase social security according to their own laws and policies. For example, an enterprise can stipulate that part of the funds for purchasing social security will be returned to employees before their retirement.
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