Difference between sealing and transferring out of social security in Shanghai

The Law of the People's Republic of China*** and the State of China on Labor Contracts

Article 50

The employer shall, at the time of the termination of the labor contract or termination of the labor contract, issue a certificate of the termination of the labor contract or termination of the labor contract, and within fifteen days, handle the transfer of the files and the social insurance relations for the workers.

The laborer shall, in accordance with the agreement between the two 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 completing the handover of work.

The employer shall keep the text of the canceled or terminated labor contract for at least two years for inspection.