What does social security refund mean?

The meaning of social security refund is as follows:

1, reaching retirement age, not meeting the payment conditions 15 years (full payment of personal account deposit);

2. The insured dies for some reason (personal payment and interest);

3, the insured person to settle abroad (personal payment and interest);

4. In case of death after retirement, the balance of personal account (personal payment and interest).

Materials required for social security refund:

1, the social insurance fee refund application approval form in triplicate;

2, the social security fee refund personal insurance list in duplicate;

3. Payment letter, first printed bank payment receipt, bank passbook or transfer tax payment voucher (if one is selected, the original should be provided). (Individuals who cancel or are not in the normal room apply for a refund of their personal parts. If the paying individual cannot provide the original, the paying individual can explain it in the written refund application and make a guarantee that "no more refunds will be applied". );

4. Copy of the account opening certificate of the unit refund account; Personal refund (individual or individual industrial and commercial legal person) account passbook (or debit card);

5. Individual industrial and commercial households provide legal person ID cards and photocopies for refund;

6, payment unit (individual) written application;

7. If it is not handled by me, the original and photocopy of the ID card of the handler and the power of attorney signed and sealed by the client shall also be provided.

To sum up, refund refers to the insured person's wrong payment or overpayment of social security fees. The social security agency will refund the overpaid or wrongly paid fees to me. Surrender is not surrender, but surrender must be surrendered.

Legal basis:

Article 11 of the Social Insurance Law of People's Republic of China (PRC)

The basic old-age insurance combines social pooling with individual accounts. The basic old-age insurance fund consists of employers, individual contributions and government subsidies.

Article 12

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.