Social security relocation what loss

Legal analysis: social security relocation, the insured person in the new place of employment to establish the basic pension insurance relationship and payment of contributions, by the employer or the insured person to the new place of social security agencies to submit a written application for the transfer and continuation of the basic pension insurance relationship and payment vouchers. Within 15 working days, the social security agency of the new place of participation examines the application for transfer and continuity, and if the conditions stipulated in these Measures are met, it issues a letter of consent to accept the application to the social security agency of the place where the insured person's original basic old-age insurance relationship is located and provides the relevant information; and if the conditions for transfer and continuity are not met, it gives a written explanation to the applying unit or the insured person. Within 15 working days after receiving the letter of acceptance, the social security agency in the place where the original basic pension insurance relationship is located will handle all the formalities for the transfer and continuity. The transfer of social security has a positive impact on the employee, as it allows the employee to accumulate the number of years of social security contributions. This makes it easier for the employee to accumulate fifteen years of contributions. After the employee reaches retirement age, the cumulative total of more than fifteen years of pension insurance to receive pension benefits, so the transfer of social security for the cumulative is very necessary.

Legal basis: "The People's Republic of China *** and the State Labor Contract Law" Article 50 The employer shall issue a certificate of termination of the labor contract or termination of the labor contract, and within fifteen days for the workers to handle the transfer of files and social insurance relations. The laborer shall, in accordance with the agreement of both parties, handle the handover of work. If the employer shall pay economic compensation to the laborer in accordance with the relevant provisions of this Law, it shall be paid at the time of handing over the work.