Can rural endowment insurance be refunded? How much is the refund? What conditions need to be met? Look carefully!

Over the years, China's aging population has gradually increased, and the state has paid more and more attention to people's pension problems and issued many related policies.

Both farmers and workers who work in cities will buy old-age insurance, so that they will be guaranteed when they reach retirement age. Rural old-age insurance is paid less, and the money they get after retirement is less, so some people want to get the rural old-age insurance back after finding a stable job in the city. Is this ok? How much refund can I get? What conditions need to be met? Let Bian Xiao tell you.

Can rural endowment insurance be refunded? What conditions need to be met?

Under normal circumstances, rural endowment insurance cannot be surrendered. If you apply for rural social endowment insurance for the first time and then join the employee's basic endowment insurance for work reasons, the amount of the individual account of the resident's endowment insurance can be transferred to the employee's basic endowment insurance payment period immediately after the transfer of the pension insurance relationship, and will be distributed together at the retirement age.

But some people have to get cash to feel at ease. In fact, it is ok, but usually they have to meet the following conditions:

1. The insurer went abroad for a long time or died during the payment period.

2. The insurer has reached the statutory retirement age, but the payment has not reached 15 years.

At this time, a written application is needed.

3. The insured has participated in endowment insurance for many times in the same period, or the insured has changed from a rural hukou to a non-rural hukou.

How much can rural endowment insurance be refunded?

It can be seen from the above that rural endowment insurance can be surrendered if it meets the conditions. How much money can be refunded depends on the situation. The calculation standard of compensation amount for normal retirees and abnormal retirees will be different. The former individual compound interest 5% every year, and the collective subsidy is returned to the individual according to compound interest 5% after deducting the management service fee, and the part of the collective subsidy that is not returned to the individual is credited to the fund; The latter only returns the principal of the insurance premium paid by the insured.

Some collective subsidies are non-refundable.

According to the principle that the insured person does not participate in the insurance or pay the collective subsidy, the collective subsidy originally registered in the name of the individual will not be refunded and credited to the fund.

Therefore, it is not cost-effective if normal retirees do not surrender their insurance.

How to handle the surrender procedures of rural old-age insurance?

If you want to get the money for rural endowment insurance surrender, you have to go through the relevant procedures. The specific procedures are as follows:

1. First of all, the surrenders need to write an application form for surrender, in which the reasons for surrender need to be clearly written, and relevant materials, such as entrance examination, recruitment, household registration and other materials, should be brought to the township management agencies to go through the formalities.

2, and then by the township management agencies to review the relevant certificates, and signed opinions, and will apply for surrender of the payment card, payment record card together with the county insurance institutions.

County-level insurance institutions re-examine the submitted materials, and calculate the amount of surrender if they meet the conditions for surrender.

How long does it take for the new rural insurance to surrender?

Generally speaking, the new rural insurance will arrive about a week after surrender.

After the refund of the new agricultural insurance is verified by the agency, if the insured person really overpays, he can apply for inquiring about his payment information and apply for a refund according to law. After the inquiry is true, the social security agency will immediately refund the fee to the payer.

What should I do if both rural endowment insurance and employee endowment insurance are paid?

When many rural parents pay endowment insurance, their children who are used to working in cities also pay social security, thinking that this is also a guarantee. It doesn't matter if both are handed in, you can handle them in the following ways:

1. If all units also pay endowment insurance for themselves, they can stop the rural endowment insurance first.

2. If the two types of insurance pay twice, you can go to the Social Security Bureau to print out the details of the unit pension insurance payment, and then go to the rural pension insurance social security office to handle the refund procedures for the repeated payment.

3. If the two types of old-age insurance are not paid repeatedly, after resigning in the city in the future, the old-age insurance paid by the unit can be merged with the old-age insurance paid in the countryside. We only need to issue a transfer certificate in the social security bureau where the unit pays the endowment insurance, and then hand it over to the social security bureau where the village endowment insurance participates, and the staff can go through the transfer procedures according to the information, so they can be merged together.

From the above, we can know that under normal circumstances, rural endowment insurance cannot be refunded. If employees participate in the old-age insurance at the same time due to work reasons, the amount stored in the personal account of the old-age insurance can be transferred to the payment period of the basic old-age insurance for employees immediately after the transfer of the old-age insurance relationship.

But some people want a refund, they need to meet certain conditions. For example, the insured has settled abroad for a long time or died during the payment period, the insured has participated in endowment insurance for many times at the same time, and the insured has changed from a rural hukou to a non-rural hukou.

Generally speaking, after the rural old-age insurance is surrendered, normal retirees can get collective subsidies and personal benefits every year. If you are not a normal retiree, you will only return the principal of the insurance premium paid by the insured. In this way, it is still not cost-effective. It would be better if it can be transferred to employee pension insurance.

After the new rural insurance is surrendered, the money usually arrives in a week or so. You can decide whether to surrender your insurance according to the actual situation.