How to Retire Social Security How to Retire Social Security

1. Generally, social security cannot be surrendered, but if one of the following conditions is met, the insured person can bring his ID card and other information to the social security bureau of the insured place to go through the formalities of surrender: the insured person has reached retirement age and has not paid the fee 15 years; The unit has paid many times and terminated the labor relationship; The insured has settled abroad; The death of the insured; Migrant workers terminate their labor relations and return home.

2. Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 14 Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

4, seventeenth individuals to participate in the basic old-age insurance, due to illness or non-work-related death, their survivors can receive funeral grants and pensions; Persons who have completely lost their ability to work due to illness or non-work-related disability before reaching the statutory retirement age can receive disability allowance. The required funds are paid from the basic old-age insurance fund.