Conditions for withdrawing money from social security cards

The conditions for withdrawing money from social security cards are as follows:

1. Users who have reached the statutory retirement age but have not paid their contributions for 15 years and are unwilling to extend the payment period for 15 years can apply for a one-time withdrawal of the balance in their personal pension accounts, which means that they can not enjoy the old-age insurance in the future.

2. In case of accidental death in the line of duty, the heir can directly receive the balance in his pension account, and relevant materials such as death certificate and account cancellation certificate are required.

3. Persons who go abroad to settle down and change their nationality can issue immigration procedures and cancellation pages of household registration books to local authorities, and then they will return the funds paid for them during the enterprise payment period.

4. When the insurance is paid repeatedly and the labor relationship is terminated, the money in the social security account can be taken out.

Conditions for personal insurance transfer:

1. The individual insured who has been transferred to the unit for employment and involved in repeated payment has been employed by the unit and gone through the employment filing formalities in the labor department, and the social insurance paid by the individual is duplicate with that paid by the employer;

2. Transferred to the unit for employment does not involve repeated payment. Individual insurance has been employed by the unit and signed a labor contract, and the unit has paid social insurance since the deadline for individual payment;

3 individual insured to three counties and other places, need to transfer to different places.

To sum up, the old-age insurance should be paid all the time after resignation, and it should be paid in the name of an individual. Because if you don't pay a certain number of years, you won't get a pension after retirement. Employees shall participate in the basic old-age insurance, and the employer and employees shall jointly pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employer and other flexible employees can participate in the basic old-age insurance, and individuals pay the basic old-age insurance premium. Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.

Legal basis:

Article 12 of the Social Insurance Law of People's Republic of China (PRC)

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.