What are the procedures for returning after paying the endowment insurance for three years?

The procedures for returning the old-age insurance after three years of payment include receiving the old-age insurance declaration form and stamping it on the street where the household registration is located, going to the Employment Section of the Urban People's Social Security Bureau for review, and submitting the review materials to the Human Resources Exchange Center.

Old-age insurance, the full name of social basic old-age insurance, is a social insurance system established by the state and society in accordance with certain laws and regulations to solve the basic life of workers who reach the working age limit stipulated by the state and terminate their labor obligations or quit their jobs because of old age.

Endowment insurance is an important part of social security system and one of the five most important social insurances. The purpose of endowment insurance is to protect the basic needs of the elderly and provide them with a stable and reliable source of life.

Endowment insurance is based on the living security of the elderly, and an insurance fund is established through redistribution or savings to pay the living expenses of the elderly.

The implementation of endowment insurance has the following functions:

1, which is conducive to ensuring labor reproduction. Through the establishment of the old-age insurance system, it is conducive to the normal intergenerational replacement of the labor force, the elderly retire when they are old, and the newly increased labor force is successfully employed, ensuring the rationalization of the employment structure;

2, conducive to social security and stability. Endowment insurance provides basic living security for the elderly and makes them feel safe. With the arrival of the aging population, the proportion of the elderly population is increasing and the number is increasing. Old-age insurance guarantees the basic life of elderly workers, which is equivalent to ensuring the basic life of a considerable number of people in society;

3. It is conducive to promoting economic development. The pension insurance system designed by many countries links fairness with efficiency, especially the partial accumulation and complete accumulation pension fund raising model. The amount of pension received by workers after retirement is directly related to their wage income and payment during their work, which can stimulate workers to work actively during their work and improve efficiency.

legal ground

People's Republic of China (PRC) social insurance law

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have accumulated contributions for fifteen years when they reach the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.